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Define the terms salary and wages

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Question -

Define the terms "salary" and "wages".  Why do you think we use these two separate terms to describe employee payments?

Describe elements of the Fair Labor Standards Act (FLSA).  What companies must comply with FLSA?

What IRS form is completed by the employee that authorizes the employer to withold federal income tax from the employee's pay?

What does FICA stand for?  

FICA tax witheld from employee's pay contributes to two federal programs.  Name and describe those two federal programs.

Give examples of three "other deductions" from employee pay that are considered optional and not required by law.

Employees are required to have certain federal, state, and local payroll taxes witheld from their pay.  What federal payroll taxes are employers required to pay though?

Reference no: EM133103570

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