Work-life balance
Work-life balance refers to how employees manage their job responsibilities alongside their personal lives. Businesses that support this balance often provide benefits like flexible hours, the option to work remotely, and generous leave policies to help employees meet both professional and personal needs. Why Work-Life Balance Is Important When companies foster a culture that values […]
Wages
Wages refer to the total earnings an individual receives for performing work or services. This includes payment made in various forms such as hourly rates, salaries, bonuses, commissions, or even non-cash compensation that holds monetary value. Understanding How Wages Work Wages are typically based on time worked and are often described in terms of hourly […]
Wage assignment
A wage assignment refers to the process, either initiated by the employee or required by law, where a portion of their wages is directed toward settling debts such as overdue taxes, student loans, or obligations like child or spousal support. In certain cases, this arrangement lets creditors collect repayment directly from an employee’s paycheck without […]
Withholding Tax
Withholding tax refers to the portion of an employee’s earnings that an employer is legally obligated to retain and submit to tax authorities. This amount serves as a prepayment toward the employee’s total income tax liability for the year, covering federal income tax and usually state income tax, along with required contributions to Social Security […]