Two laws that affect the operations of labor markets

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Two laws that affect the operations of labor markets are the minimum wage law and the right to work law (where a person can choose to join a union). Who benefits and who loses from each of these laws. Give at least two examples each.

Reference no: EM131385448

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Two laws that affect the operations of labor markets : Two laws that affect the operations of labor markets are the minimum wage law and the right to work law (where a person can choose to join a union). Who benefits and who loses from each of these laws. Give at least two examples each.
Calculate his net pay for the month : In addition to this, he has further reliefs of £430. The taxable pay is taxed at the rate of 20 per cent on the first £250, whilst the remainder suffers the 25 per cent tax rate. In addition he pays National Insurance of £190. Calculate his net pa..
Calculate his net pay for the month : The first £800 per month is free of income tax, on the next £120 he pays tax at the 20 per cent rate and above that he pays at the 25 per cent rate. He also pays National Insurance for the month of £620. Calculate his net pay for the month.
Calculate his net wages : The first £110 per week is free of income tax, on the next £60 he pays tax at the 20 per cent rate and above that he pays at the 25 per cent rate. National Insurance amounted to £32. Calculate his net wages.
Calculate his net wages : According to the requisite tables the income tax due on his wages was £46, and National Insurance £28. Calculate his net wages.

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