Pay and Paychecks

When you start a job, the amount you will take home in your paycheck depends on deductions for federal, state, and local taxes.

Interested to see how your salary offer compares? These salary calculators and surveys will help you find out salary information for your current job as well as positions you're interested in.

Back pay is the difference between what an employee was paid and the amount he or she should have been paid.

Commission is a sum of money that is paid to an employee upon completion of a task, usually selling a certain amount of goods or services.

A counter offer is an offer made in response to a salary offer from an employer. A counter offer is made when the compensation package offered isn't considered acceptable by the applicant who has received a job offer.

There are no laws that require an employer to pay double time for overtime worked.

An expense account is money paid to an employee (a salesperson, executive, etc.) to cover travel, food, hotel rooms, entertainment of clients, and other work-related purposes.

The amount you receive in your first paycheck depends on deductions for federal, state, and local taxes. When you receive your first paycheck depends on the timing of the company's payroll.

Hazard pay is additional pay for performing hazardous duty or work involving physical hardship.

Workers who are paid on an hourly basis are required to be paid minimum wage.

When will you receive your last paycheck if you resign or are terminated from your job? It depends on state law and on company policy.

Workers earning less than $23,660 per year ($455 per week) are guaranteed overtime protection, however, there are exemptions to the overtime regulations.

All non-exempt employees who work over 40 hours during work week must be paid at a rate of one and one-half the employee's regular hourly rate.

Here's information on getting paid for working on a holiday, including the details on when employees are entitled to extra holiday pay.

A payday loan is a short-term advance on your paycheck. A payday loan typically is for a small amount and has a high interest rate.

An employee who is paid on a salary basis is paid a flat amount rather than an hourly wage.

Workers earning less than $455 per week, which is $23,660 per year, are guaranteed overtime pay of not less than time and one half their regular rate of pay.

Employers may ask for copies of your W2 forms to verify your compensation prior to making a job offer. If you don't have copies of your past W-2 forms you can ask your employer(s) for a copy or order copies of your past tax returns directly from the IRS.

When you are hired for a new job, you will be required to complete a W4 Form to let your employer know how much tax to withhold.

Wage garnishment occurs when an employer must withhold an employee's earnings to pay a debt as settled in a court order or other legal procedure (i.e. state tax collection, unpaid child support, or Internal Revenue Service (IRS)).