Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

current wages

Read a random definition: constate

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.