The Family and Medical Leave Act (FMLA) requires employers to give 12 weeks paid leave to covered employees having a child or due to a severe medical condition of the employee or a family member. Employees do not get paid, but they must be...
labor law
federal benefit rate
The federal benefit rate is the amount of money the Federal government provides for supplemental security income recipients. As of 2021, the benefit rate is $794 for individuals and $1,191 for couples, but the rate usually increases annually...
federal tax deposits (FTD)
Federal Tax Deposits (FTDs) are required payments from employers to the Internal Revenue Service (IRS) for employee tax withholdings specified in the Federal Insurance Contributions Act (FICA). The IRS requires monthly or semi-weekly payments...
Federal Unemployment Tax Act (FUTA)
Federal Unemployment Tax Act (FUTA) was the bill passed in 1939 that established a payroll tax to fund unemployment benefits. The tax is 6% of the first $7,000 that each employee makes in a year, and the employer is responsible for all of the...
FICA Tax
Federal Insurance Contributions Act (FICA) taxes are the taxes on wages that fund Social Security and Medicare. The Social Security taxes and Medicare taxes are separate and operate differently. Social Security taxes are 12.4% of an employee’...
FMLA
The Family and Medical Leave Act (FMLA) requires employers to give 12 weeks paid leave to covered employees having a child or due to a severe medical condition of the employee or a family member. Employees do not get paid, but they must be...
free rider
Free rider is a description of people, entities, or provisions that benefit from the actions of another entity without contributing. Free rider concepts arise frequently in law and politics. For example, in labor law, non-union employees who...
freelancer
A freelancer is not an employee for any organization and is essentially an independent contractor who gets paid on a per-job basis. Unlike an employee, a freelancer has the freedom to complete different jobs simultaneously given there is no...
fringe benefit
Fringe benefits are various non-wage employee benefits that are in addition to normal wages. Some fringe benefits are exempt from tax, provided certain conditions are satisfied. Section 132 of the Internal Revenue Code lists all the fringe...
Genetic Information Nondiscrimination Act (GINA)
The Genetic Information Nondiscrimination Act of 2008 (“GINA”) protects individuals from genetic discrimination in matter of employment and health insurance. As genetic science began to advance rapidly in the 1990s, many began to worry that...