Nonfarm payroll employment fell sharply (-533,000) in November, and the unemployment rate rose from 6.5% to 6.7%, the Bureau of Labor Statistics of the U.S. Department of Labor reported recently. November's drop in payroll employment followed declines of 403,000 in...
This week’s question comes from Janet, a sales rep: I read before that the wage base for 2008 was $102,000. I’ve made over $104,000, but FICA tax is still being withheld. Why didn’t my FICA tax deduction stop? Answer: Even though your gross wages are over $104,000,...
According to the US Department of Labor, in the week ended November 29, the advance figure for seasonally adjusted initial claims was 509,000, a decrease of 21,000 from the previous week's revised figure of 530,000. The 4-week moving average was 524,500, an increase...
Are you planning an end-of year bonus payroll for employees? With only four weeks left in 2008, now is the time to schedule any additional payrolls you need. Many employers like to distribute bonus checks at a firm party or get-together. If the bonus checks are...
The US Department of Labor recently issued Administrator signed Opinion Letter FLSA2008-9. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each case, they are a valuable aid in understanding current interpretations of the...
The US Department of Labor recently issued Administrator signed Opinion Letter FLSA2008-8. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each case, they are a valuable aid in understanding current interpretations of the...
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