Georgia taxes individual income across six tax brackets at graduated tax rates. For single filers: 1% for the first $750 of taxable income. 2% for taxable income between $751 and $2,250. 3% for taxable income between $2,251 and $3,750. 4% for taxable income between $3,751 and $5,250.
DEFINITION of 'Fair Labor Standards Act-FLSA'. A United States law which sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay and limitations on child labor.
The most important and most far-reaching law guaranteeing a workerâs right to be paid fairly is the federal Fair Labor Standards Act (FLSA), which: 1  defines the 40-hour workweek. 2  establishes the federal minimum wage.  sets requirements for overtime, and.