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 Federal Minimum Wage Articles

 Minimum Wage Raised In The UK And Violation Involves Penalties But The Raise Thought As Inadequate


Legal >> Minimum Wage Raised In The UK And Violation Involves Penalties But The Raise Thought As Inadequate


Adult workers in the United Kingdom would be entitled to a minimum wage of £5.73 per hour from October1, 2008 onwards. The previous figure was £5.52 an hour. The workers whose ages are between 18 and 22 years would also be having their statutory hourly rate increased to £4.77 from £4.60. The statutory hourly rates have also been raised to £3.53 from £3.40 for the 16 and 17- year old workers.



 Sonic Drive In Introduces Tip Wage For Paying Fresh Carhops To Combat Rising Labor Costs


Food & Drinks >> Sonic Drive In Introduces Tip Wage For Paying Fresh Carhops To Combat Rising Labor Costs


Sonic Corp. owner of the Sonic Drive-Ins has commenced paying tip-wages to the freshly hired carhops. This move is aimed at controlling the escalating labor costs. As a result the new carhops will get paid much less than existing workers of the company.



 Alternative Minimum Tax Adds To Woes Of Middle Class Last Mix Up Done By Congress


Politics & Government >> Alternative Minimum Tax Adds To Woes Of Middle Class Last Mix Up Done By Congress


To temporarily protect about 20 or so million Tax payers, one last mix-up was done as a patch of alternative minimum tax. This borderline patch up to save the tax payers had now become a sort of annual ritual for the Congress. This is a part of a revised and renewed financial deal.




 Legal Drinking Age National Minimum Drinking Age Act Limits 21 Years


Legal >> Legal Drinking Age National Minimum Drinking Age Act Limits 21 Years


If you are 21 years old then you have actually stepped within the periphery of legal drinking age in United States. The National Minimum Drinking Age Act, which was passed in 1984, has imposed certain restrictions on the purchase and possession of alcohol in all the states.



 Alternative Minimum Tax AMT Personal Corporate Reform Act Patch Implementation


Business & Finance >> Alternative Minimum Tax AMT Personal Corporate Reform Act Patch Implementation


The AMT of Alternative Minimum Tax is included in USA’s Federal income tax system. It can be of two types –for companies that owe corporate income taxes and for people owing personal income tax. One should know the aspects of Alternative Minimum Tax to analyze his position from the legal perspective.




 Alternative Minimum Tax AMT


Business & Finance >> Alternative Minimum Tax AMT


Alternative Minimum Tax which is commomly refered to as the AMT is a feature of the federal income tax system in the United States of America. It is levied on both individuals and corporations.



 500 Dollar Minimum Mutual Funds Of SIP AIP Or AMC


Business & Finance >> 500 Dollar Minimum Mutual Funds Of SIP AIP Or AMC


$500 minimum mutual funds concept is to invest the minimum amount initially in the mutual funds. Although there are many mutual funds, which are offering according to their portfolios, but nowadays in India also, the minimum amount is Rs.500 and can further be invested systematically. Few funds are having $1000 as their minimum initial investment amount while others have $100 also as their minimum initial investment.




 Alternate Minimum Tax Targeted For The Higher Income Group


Business & Finance >> Alternate Minimum Tax Targeted For The Higher Income Group


There was a time when the rich people hardly paid income tax. There are certain loopholes in the taxation system, which allowed people earning high income to get special tax benefits. Using these benefits some of the people in the high income bracket paid no tax at all. It was obvious that people in the low-income group who had to pay taxes were annoyed at these benefits. While they had to pay the taxes, the ones who were earning more were virtually let of the hook. Alternate minimum tax (AMT) was created with the aim of bypassing the tax benefits that the rich were exploiting.









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Federal Minimum Wage was written on February 15, 2008.










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