The aims of a national minimum wage. The long-term aim of a minimum wage is to remove the problem of poverty pay, which exists when the earnings from paid work do not result in a living wage and fail to push people out of poverty. Low pay can result from a number of labour market failures, including:
Florida S Corporations and tax-exempt organizations are generally not required to file a Florida corporate income tax return if they do not have federal taxable income. If they have federal taxable income, however, they are then required to file a Florida corporate income tax return and pay any tax due.
The amount of taxes a corporation owes is based on the federal taxable income, with any modifications from Florida adjustments and deductions. To file a corporate income tax return, file form F-1120 (Florida Corporate Income/Franchise and Excise Tax Return).