Ashley works 40 hours a week and is paid a weekly salary for those 40 hours. As a covered, nonexempt employee, Ashley must be paid a minimum weekly salary of $290 in order to meet the statutory minimum wage requirement. The minimum wage does not always have to be paid in monetary terms.
DEFINITION of 'Prepayment'. The satisfaction of a debt or installment payment before its official due date. A prepayment can be for the entire balance or for any upcoming payment that is paid in advance of the date for which the borrower is contractually obligated to pay it.Examples of a prepayment come in the form of rent or early loan repayments.Next Up.EFINITION of 'Prepayment'. The satisfaction of a debt or installment payment before its official due date. A prepayment can be for the entire balance or for any upcoming payment that is paid in advance of the date for which the borrower is contractually obligated to pay it.
1 Super guarantee charge is the combined total of the SG shortfall not paid by the due date, Choice liability (as shown in Subtotal (J)), Nominal interest (K) and Administration component (L). 2  Number of employees you are claiming a late payment offset for should match what is recorded on the table at the top of the page. Total super guarantee charge payable is the amount you need to pay. 2  It is the super guarantee charge (M) less late payment offset amounts (N). 3  If all the information on the statement is correct, the tick the Declaration to 'electronically sign' the SGC statement.