Philippines Income Tax Rates

The election to itemize is appropriate when total itemized deductions exceed the standard deduction based on the taxpayer’s filing status.

Almost everyone who works in the UK is legally entitled to be paid the National Minimum Wage. This is the case even if an employer asks a worker to sign an employment contract at a lower rate of pay. It isn’t necessary to be in full-time employment, or to work at an employer’s premises. For example, you’re entitled to receive the minimum wage if you’re:

Now the question is what is minimum wage. “An amount of money that is the least amount of money per hour that workers must be paid according to the law” (Merriam Webster’s learner’s dictionary). According to United States department of Labor “The federal minimum wage for covered nonexempt employees is $ 7.25 per hour effectively July 24, 2009” (Department of labor/ Minimum wage).

The minimum wage requires employers to pay their employees a minimum amount of money which is based on the current version of the law, which is raised every year to adjust the living costs. There are some advantages and

Throughout the United States, minimum wage is approximately $7.25 per hour. An individual who is working a 40-hours per week will make $15,080 per

In today’s economics minimum wage is used as a price control or price floor that the government enforces. A price floor is a minimum price for a product or service above the market’s equilibrium price. Selling any product or service sold below the price floor is considered illegal. Since the price of a commodity or service is increased the demand will go down lower than the quantity supplied creating a surplus. This theory also creates a surplus in employment. When minimum wage is increased or a price floor is set there will be a surplus of employees and the demand for workers will decrease. Well in order to accurately determine whether the minimum wage employees are receiving is enough to maintain a minimal lifestyle, we must first understand how the minimum wage is calculated. According to the United States Department of Labor, “federal minimum wage for covered nonexempt employees is $7.25 per hour effective July 24, 2009. The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA).” The Fair Labor Standards Act is a set of standards pertaining to youth employment, overtime pay, and other laws that affect employees within private and public

No. An employer may not use an employee's tips as a credit toward its obligation to pay the minimum wage.

Minimum wage is the lowest amount of pay that employers can legally pay their workers. Minimum wage in the United States, is set at $7.25, the federal government takes out up to 12 percent of the whole payment for taxes. The Fair Labor Standards Act (FLSA) are the ones who have set the minimum wage from 1938 to the current year, 2017. The FLSA is a law that sets various labor regulations that includes interstate commerce employment, requirements for overtime pay, and the limits on child labor. Some argue that teenagers and low paying workers should be paid more than $7.25 dollars an hour, while others argue that they should suck it up and be thankful for what are paid. Researchers have stated that high minimum wage increases have helped bring the poverty level down in the United States. Other researchers have said that the level of minimum wage has little to no effect on the poverty level. Minimum wage is a happy medium that a company or organization sets for an employee; they use this as a starting point for an employee to receive raises and bonuses. Minimum wage is thought out to be by some a terrible thing because it is the reason our poverty levels are down, but with the minimum wage it has helped with economic growth.

The current federal minimum wage is $7.25. The last change to this wage was in 2009, when it was raised by $2.10, from the past wage of $5.15 per hour. However, there are some different laws relating to minimum wage. One of these laws is that “workers whose

Minimum wage is the minimum hourly wage an employee can earn from work. President Franklin D. Roosevelt signed the minimum wage law on June 25, 1938. However, the United States has not always had a minimum wage. The United States minimum wage has been in effect since the Great Depression. Before then there was no minimum wage and there certainly were not any legislation to look after workers from development. Many of workers had to work in awful environments such as factories and sweatshops and they were only paid a few pennies a week. The minimum wage started at 0.25 cents per hour and the maximum workweek at 44 hours in 1938. As of today, the federal minimum wage is at $7.25 an hour, part of the Fair Labor Standards Act.

The National Minimum Wage is based on the amount an individual gets per hour, dependent on age and whether an individual is an apprentice or not. The majority of individuals are entitled to this by law however there are some individuals that are exempt from this, these are if the individual is self employed, company directors, volunteers or family members of the employer that are living in the same household (Gov.uk, 2016).

The minimum amount required for an employer to pay their employees is called minimum wage. Chris Fitzsimon stated that “Minimum wage is a part of the Fair labor Standards Act which sets a limit on how much a person can make, whether it means only making that specific amount of income but no less than that.” Minimum wage has been a big problem in the political realm as well

Minimum wage is different for everyone depending on where they reside and their occupation. We aren't even the only government debating this topic. Many other countries are also facing the minimum wage controversy ("Minimum Wage"). Other parts of

In United States the minimum wage is been set by a network of federal, state, and local laws. Workers are generally been paid no less than the statutory minimum wage as specified by the government. As of July 2009, the federal government officially ordered a nationwide minimum wage level of $7.25 per hour. The federal minimum wage was at its highest at 10 dollars in 1968, as measured in 2014. Since then there were controversial debates over the

As an employee, your employer is obliged by law to take off Income Tax and National Insurance contributions from your salary or wages before paying them to you. You're also entitled to all minimum legal employment rights including: