Podcast
Questions and Answers
Jaký je hlavní účel minimální mzdy?
Jaký je hlavní účel minimální mzdy?
Jaký typ daně je odváděn zaměstnavatelem a platí se federální vládě?
Jaký typ daně je odváděn zaměstnavatelem a platí se federální vládě?
Co je benefitem, kterému se říká 'health insurance'?
Co je benefitem, kterému se říká 'health insurance'?
Jaký typ minimální mzdy je stanoven státem?
Jaký typ minimální mzdy je stanoven státem?
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Co je účelem 'benefits administration'?
Co je účelem 'benefits administration'?
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Co je socialesní pojistné?
Co je socialesní pojistné?
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Study Notes
Minimum Wage
- Definition: The minimum amount of money that an employer is required to pay an employee per hour of work
- Purpose: To protect workers from exploitation and ensure a fair standard of living
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Types:
- Federal minimum wage: set by the federal government
- State minimum wage: set by individual states
- Local minimum wage: set by cities or counties
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Exemptions: Certain employees may be exempt from minimum wage laws, such as:
- Tipped employees
- Student workers
- Interns
Taxation
- Definition: The process of deducting money from an employee's paycheck to pay taxes
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Types:
- Federal income tax: withheld by the employer and paid to the federal government
- State income tax: withheld by the employer and paid to the state government
- Social Security tax: withheld by the employer and paid to the Social Security Administration
- Medicare tax: withheld by the employer and paid to the Medicare program
- Tax brackets: The range of income levels that determine the tax rate
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Tax deductions: Allowable deductions from an employee's taxable income, such as:
- Charitable contributions
- Medical expenses
- Mortgage interest
Benefits
- Definition: Non-wage compensation provided to employees in addition to their salary
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Types:
- Health insurance: medical coverage provided by the employer
- Retirement plans: employer-sponsored plans for saving for retirement
- Paid time off: vacation, sick leave, and holiday pay
- Life insurance: coverage provided by the employer in the event of an employee's death
- Benefits administration: The process of managing and distributing benefits to employees
- Benefits compliance: Ensuring that benefits are administered in accordance with relevant laws and regulations
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Description
Test your knowledge of HR basics, including minimum wage, taxation, and employee benefits. Learn about the laws and regulations that govern employee compensation and benefits.
