The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

Discretionary income is compensation that an employer can choose to provide or not. Some bonuses, gifts, and holiday benefits are examples of discretionary income (but, ONLY when their receipt is ...

According to federal overtime laws, workers are entitled to one and one-half times their regular rate of pay for all hours worked over 40 in a single working week, unless they meet certain conditions.