Fair market value (FMV)
Fair Market Value: Definition and OverviewFair market value (FMV) refers to the estimated price an employee would reasonably pay for a benefit or service on the open market, without access
Payroll Vocabulary Explained
Fair Market Value: Definition and OverviewFair market value (FMV) refers to the estimated price an employee would reasonably pay for a benefit or service on the open market, without access
Family and Medical Leave Act (FMLA): Definition and OverviewThe Family and Medical Leave Act (FMLA) is a federal regulation that allows qualified employees to take up to 12 weeks of
Exempt Employee: Definition and ExplanationAn exempt employee is a worker who is excluded from the wage and hour protections outlined in the Fair Labor Standards Act (FLSA). These employees are
Escheatment: Meaning and OverviewEscheatment refers to the legal process by which unclaimed or abandoned assets are transferred to the state, often due to the absence of a legally recognized heir
