The US withholds about 25% of your paycheck on average for taxes. 75% of 7.25 is about 5.44. Assuming the post was estimating the number of additional hours credited, and the employee in question had already worked some hours that week, it is very probable that the employee was paid for just under 4000 unworked hours at the federal minimum wage after taxes.
If you're in the US, it means you're almost at the top tax bracket, in the mid six figures. That is actually the lowest it has been for a good while. In the 50s, the top tax bracket had a 91% tax rate, under the socialist Republican president. Dwight D. Eisenhower.
Its pretty good being a student, fees have risen but the repayment methods have meant that in the long run you actually repay less on tuition fees which is pretty ace. The only downside now is the government maintenance loans have stayed the same rates but rent prices and food prices have been going up over the years quite drastically
USF(A Florida college) is $347 per hour for undergrads, roughly $100-$300 for the average book, so a semester of 16 credit hours is $5,552 + 4 books(~$800).
Your entire AA degree costs $20,820 + ~25 books(~$3,000 - $5,000).
It's capped at £9000 per annum so a 3 year degree would be £27000, add in the exchange rate and it's pretty steep. A few universities charge £6000 but only a few. You still don't have to start paying it back until you earn over a certain threshold(I think it's 30k per annum before you start repayments) so that's helpful.
As anon said the tuition fees are capped at 9k p/a.. The way this is paid is through a loan that is covered by a government offshoot called Student Finance England. Rather than having to pay the 9k immediately each year its simply marked off as you owing 9k in student debt. You don't have to repay the total fees owed until you earn over 21k p/a and even then it is on a slider scale so you will be paying something like 8 quid a week if you are on the lower wage bracket and it scales up with how much you earn.
If you're parents also fall under earning criteria (combined household income) then most students are eligible for maintenance loans as well. The maximum available comes to around 7.7/8k p/a and that is for the worse off students whose parents are unable to support them.
The maintenance loan falls under the same repayment categories as the tuition fees....
on top of maintenance loans there is a generous bursary system that is effectively free money for poorer students. A bursary is non repayable and is intended for purchasing course related equipment and food for surviving.
Finally.... long winded I know
Tuition fee loans and maintenance loans do not affect your credit score whatsoever. Its an entirely different kind of debt. Its a fantastic system compared to Americas but then continental Europe has an even better system than us with mostly 0 tuition fees hah
Not necessarily, Federal Minimum wage covers a lot of jobs...like 80-99% of jobs, but some part-time work isn't. So for the jobs that aren't covered by the Federal Minimum Wage states are allowed to set their own Minimum wage.
thats actually a common misconception, but may also play into this scenario. Employers may pay tipped employees less than minimum wage so long as their wage plus tips still averages out to 7.25 or more.
It may play into this scenario however as the business would have no way of knowing if the person got tipped for all his hours. so yeah, you're right
Also, for some places asking for more money is a good way to get yourself fired. Obviously they couldn't fire you over that, but all they have to do is wait for you to be late or something, then they have a reason
At least up to federal minimum, not sure if state minimum too.
That also might not apply to some places, I just know it's true in my state.
However, waiters generally only work during the peak hours (5-10ish), so actually getting a decent number of hours is tough, so no one really cares about that.
I looked it up, it's federally mandated up to the minimum wage. Don't know what it would be by state, but at the very least waiters have to make federal minimum it seems.
Reminder not every part of the United States follows the minimum wage act. Especially those ****** under the table jobs that'll hire you when you're 13 and keep you till your 30.
Actually, federal law is supreme, so regardless of the state minimum wage they are still required to pay you the federally mandated minimum wage, or else they are violating the law.
I was gonna tell you about taxes, but then I realized tons of people have been talking here and told you, so I'm just giving you a notification for no reason at this point.
take it to the bank, pull everything out then close the account. and boom you just gained 23k. but you will most likely have the cops called on you and you might be arrested if you refuse to return the money.
Sounds like my company... they overpay you by an hour and they'll send a letter home saying they'll be taking that the next payment and if they fail to receive the money they'll sue you... but when they forget to pay 36 hours, they'll pretend you don't exist until you call them or go to the office yourself.
like with my company... i know they have a clause if you get overpaid then you agree to repay it out of future wages.... but hell. if you quit, there wont be any future wages... so you technically get out of repayments
Bingo. I mean, if they have a clause for it, yee. But, if you beat the system, **** em.I tell you RIGHT ****** now, if I get overpaid where I work, I will ******* facerape my boss if he touches my next paycheck. I will straight destroy his mouth with my cock in the meeting room.
We don't have a legalexplain if I recall correctly. I imagine that would be illegal though, because the money was acquired under the assumption that they worked for it, but didn't actually work that much time. The money was given under false beliefs, so it's effectively theft. If he wanted to keep the money, he could whack it in a bank account and isolate it, but they'd still track the dude down and force him to pay back the money he didn't work for. He should have taken the money, if possible, at Christmas, and disguise it as a bonus check. It might not have worked, but that kind of number is definitely obvious to anyone with half a brain revising the paychecks for the year.
Depending on his country/state/what have you, at least here if it's a mistake on payroll's behalf, there's no legality to it. As long as the taxes on it are paid. However a business would most likely take it through claims court, even though nothing "illegal" occurred, dishonesty in this context might be viewed as theft.
Source: I'm an accountant and have had to deal with an employee who laundered 500k+ over time from my company. We settled for 50k and he got off like nothing happened.
So would you consider that an error on payroll behalf, or pin the issue directly on the person who didn't check out? Assuming they did it knowingly, that might not be such a mistake for an accountant to make but simply just a fraudulent attempt to earn more than they've legally worked for. Also, how is accountancy? I hear it's got great pay, and I've always had a love for maths.
Since I use a third-party payroll company, they were involved in the settlement and I switched post-hand. You have to consider all sides. Were time cards marked correctly. Was the payroll paying attention when making checks. Investigations have to happen but generally this type of issue is handled internally, since it's all clerical error.
Thats not possible.... he'd have to be making $5.75 an hour or about there and US minimum wage federally is 7.25, Canadian is 10.50, Australian is 17.29.
Tipped employees nationally in the US have the same federal minimum wage as the non-tipped, and the US has the lowest minimum wages for tipped and non tipped workers in the English speaking world