variable cost
For example > Supply means somebody did work to create that supply, work means somebody earned wages by creating that supply(producing something which is going to be sold out). Wages is what enable that worker to then demand goods and services from other workers. Which then becomes their wages, and so on.
a command economy.
Lowering employee wages and decreasing benefits would likely lead to reduced consumer spending, as employees would have less disposable income to spend on goods and services. This decline in consumer demand can negatively impact businesses, potentially resulting in reduced sales, lower profits, and even layoffs. Additionally, decreased employee morale and productivity may occur, further hampering economic growth. Overall, such measures could create a cycle of economic contraction, affecting both individuals and the broader economy.
The effects of absenteeism in production include having to pay overtime or extra wages to a replacement worker like a temporary worker and also paying the absent ?æworker his wages. Some other effects are reduced productivity and morale problems because?æother workers may be?ædoing the work of the absent employee.?æ
Wages in a monopoly can be influenced by the lack of competition, which often leads to lower wage levels for workers compared to competitive markets. Since monopolies have greater control over pricing and production, they may prioritize profit maximization over employee compensation. This can result in stagnant wages and limited benefits for workers. Additionally, the absence of alternative employment options may reduce workers' bargaining power, further suppressing wage growth.
There are situations where a California employer can hold an employee's wages. If the employee's wages are being garnished the employer can hold them.
Yes, you can generally deduct employee wages as a business expense on your taxes.
This money cannot be added to the employee's wages as taxable income. This money is not theirs and should be reported to the police.
Form 1099 is used for NON-employee compensation; for example, a contractor. If the person is an employee, then you need to file a W-2 form to report wages and withholding.
It is the wages and bonuses paid to an employee.
Yes. It is the employee's responsibilty to ensure their salary is correct.
Employee wages averaged $21.41 per hour in 2001
Yes, you may cancel this check or demand reimbursement for whatever the employee owes in excess of their duly earned wages for that pay period. The employee has no entitlement to wages they did not earn.
First, a company can not garnish an employee's wages. A court order is required to begin a garnishment of wages which a company is legally required to follow. Federal law mandates that a maximum of 60% of an employee's income can be garnished. This amount is determined by a judge and varies from situation to situation.
yes
Somebody who works for hourly or daily wages.
I have looked through the FLSA information and deducting wages for hours not worked as a salaried nonexempt employee in Texas, I can not find the answer.