Which government regulations could you avoid if you no longer had employees? check all that apply.

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19-08-2022
Social Studies

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Which government regulations could you avoid if you no longer had employees? check all that apply.

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tutorconsortium346 tutorconsortium346 · Answer 1 · 2022-08-27T17:06:21+02:00

Businesses must pay taxes on employee salaries and businesses must pay employees a fair wage government regulations could you avoid if you no longer had employees.

What is a wage?

A wage is money paid to an employee by their employer for labor completed over a certain amount of time.
Wage payments include remunerative payments like rewards and tip payouts as well as compensation payments like the minimum wage, prevailing wage, and annual bonuses.
Wages are a component of the costs associated with operating a business.
Regardless of the company's prosperity, it is a duty to the employee.

Payment by wage contrasts with salary, where the employer pays a set sum at regular intervals regardless of the number of hours worked, commission, where pay is contingent on individual performance, and compensation based on the success of the organization as a whole.

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