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LSDefine

Simple English definitions for legal terms

current wages

Read a random definition: levy

A quick definition of current wages:

Current wages refer to the payment an employee receives for the work they have done during the current period. This payment can be based on the time worked or the quantity of work produced. It includes all forms of compensation, such as salaries, commissions, vacation pay, bonuses, and other benefits provided by the employer. Employers are required to withhold income taxes from wages. Minimum wage is the lowest hourly rate of compensation for labor, as established by federal statute and required of employers engaged in interstate commerce.

A more thorough explanation:

Definition: Current wages refer to the payment an employee receives for their labor or services during the current period. This compensation is usually based on the time worked or the quantity produced.

Wages can include various forms of remuneration, such as salaries, commissions, vacation pay, bonuses, and the reasonable value of board, lodging, payments in kind, tips, and any similar advantage received from the employer. An employer is usually required to withhold income taxes from wages.

Examples:

  • John works at a retail store and earns $15 per hour. His current wages for the week are $600, which is calculated by multiplying his hourly rate by the number of hours he worked.
  • Samantha is a sales representative and earns a base salary of $50,000 per year, plus commission. Her current wages for the month are $5,000, which includes her base salary and commission earned during that period.

These examples illustrate how current wages are calculated based on the agreed-upon rate of pay and the amount of time worked or the quantity produced. It is important to note that current wages are not past due and are paid during the current pay period.

current revenue | current yield

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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