Examlex
An S corporation can have both voting and nonvoting common stock as long as the shares of stock have identical rights to share in the profits and assets of the corporation.
Federal Fair Labor Standards Act
U.S. legislation that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting employees in the private sector and in federal, state, and local governments.
Minimum Wage
The lowest hourly pay that employers can legally give to workers.
Protected Health Information
Information about health status, provision of health care, or payment for health care that can be linked to an individual.
Employer Identification Number
A unique nine-digit number assigned by the IRS to businesses for purposes of identification and tax reporting.
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