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Your paycheck stub serves as proof of income and government agencies, lenders and landlords often request them to verify your earnings. A pay stub contains all your income information, so...
Not checking your pay stub. Very few employees check their pay stubs, yet understanding the information on the stub is important for personal finance management, said Sean Fox, president...
The Lilly Ledbetter Fair Pay Act of 2009 ( Pub. L. 111–2 (text) (PDF), S. 181) is a landmark federal statute in the United States that was the first bill signed into law by U.S. President Barack Obama on January 29, 2009. The act amends Title VII of the Civil Rights Act of 1964 and states that the 180-day statute of limitations for filing an ...
The Bottom Line. If you’re lucky enough to receive a couple of extra paychecks each year, devise a plan to put these to work for you. This could be to pay down any lingering debt, boost your ...
For employees that are hourly, gross pay is calculated when the rate of hourly pay is multiplied by the total number of regular hours worked. If the employee has overtime hours, these are multiplied by the overtime rate of pay, and the two amounts are added together.
Certain employees must be paid overtime, at time and one-half of the regular rate, after 40 hours of work in a workweek. In February 2019, Governor J. B. Pritzker approved a statewide minimum wage rising to $15 by 2025. Increases began on January 1, 2020, to $9.25 and rose to $10 on July 1, 2020.
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