Examlex
Although exclusions are usually not reported on an individual's income tax return,interest income on state and local government bonds must be reported on the tax return.
Market Pay
The average amount of compensation paid by employers for a specific job in the external job market.
Retirement Age
The age at which a person is eligible to retire from their occupation and begin receiving pension or retirement benefits.
Subminimum Wages
Wages paid to certain workers that are below the federal or state minimum wage level, often justified by specific conditions such as training periods or disabilities.
Fair Labor Standards Act
United States legislation that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week, among other protections for workers.
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