Wages
Term · Law · MLC-T-LAW-005189
Compensation paid to an employee for labor or services rendered, typically calculated on an hourly, daily, or weekly basis. This remuneration includes the base pay and can encompass commissions, bonuses, and other forms of direct payment for work performed. Federal and state laws, such as the Fair Labor Standards Act, regulate minimum wages and overtime pay.
| Identifier | MLC-T-LAW-005189 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-005189",
"term": "Wages",
"field": "Law",
"definition": "Compensation paid to an employee for labor or services rendered, typically calculated on an hourly, daily, or weekly basis. This remuneration includes the base pay and can encompass commissions, bonuses, and other forms of direct payment for work performed. Federal and state laws, such as the Fair Labor Standards Act, regulate minimum wages and overtime pay.",
"url": "https://mlchart.com/terminology/law/wages/"
}
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