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What Is Commission?

Patriot Software

Typically, employers provide hourly or salary wages to workers. However, some business owners pay commission to employees. What is commission? What is commission pay? Commission is what employees earn when they make a sale or accomplish some other goal.

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IRA Basics for Retirement Savers

Money Talk

Below is a discussion of IRAs and details about how they can lower your taxes and provide a retirement savings nest egg: Description - An IRA enables workers with earned income (salary from a job or net earnings from self-employment) to save and invest for retirement. Securities and Exchange Commission website.

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The 1972 Commission Report re 1935

Florida Workers' Comp

In March 2022, I was honored to speak (briefly) at the Workers' Compensation Research Institute (WCRI) conference in Boston, see Friends, Romans, countrymen, lendme your ears (March 2022). However, society has moved on and "workers" today is more more acceptable; our workplaces are more diverse, vibrant, and inclusive.

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How the Age Discrimination in Employment Act Protects Older Employees

HR Digest

The Age Discrimination in Employment Act (ADEA), established in 1967, serves as a crucial safeguard against workplace inequality, explicitly prohibiting age discrimination against individuals who are 40 years of age or older.

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How to set up a commission based plan

Business Management Daily

Why commissions are a win-win Would you rather be paid by the hour or by how much work you get done? A commission-based pay structure is the dream for those of the latter persuasion. Commission plans are pay structures in which sales employees are rewarded based on their sales performance rather than paid outright.

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New Employment Laws in 2023: A Guide for Employers and Employees

HR Digest

Many new employment laws in 2023 have been introduced to reshape the regulations that oversee the safety of US citizens, and companies that want to avoid any complications in the future should ensure they update their regulations and policies to match them as well. According to Bloomberg Law, the FTC will vote on the rule in April 2024.

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Employee or contractor? 6 common mistakes when classifying workers

Insperity

It’s a question with big ramifications that trips up many employers: Is my worker an employee or contractor ? Become familiar with the Fair Labor Standards Act (FLSA) , which defines what an employee is and what employer obligations are. Internal Revenue Service (IRS) 2020 Employer’s Supplemental Tax Guide.

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