Review information on when employees are eligible for overtime pay, federal and state overtime laws, employees who are exempt from overtime pay requirements, and how overtime pay is calculated. Who Is Eligible for Overtime Pay? Employees who are covered by the Fair Labor Standards Act are eligible to receive overtime pay of at least one and one-half times their regular rate of pay when they work over 40 hours in a workweek, with some exceptions....
Why Treasuries Are Considered Safe There are two kinds of risk in the bond market: credit risk and interest rate risk. Credit risk is the risk that an issuer will default, while interest rate risk accounts for the impact of changes in prevailing rates. Treasuries are risk-free is in the first instance: credit risk. Despite concerns about the United States’ fiscal health, U.S. government bonds are seen as being among the world’s safest in terms of the likelihood of their interest and principal being paid on time....
This question might seem difficult because it asks you to speak about things that annoy you, which could lead you to sound negative or disagreeable. However, when answered thoughtfully, this question can help demonstrate why you are a strong candidate for the position. What the Interviewer Really Wants to Know An employer might ask the question, “What are your pet peeves?” for a couple of reasons. Your answer will help the employer determine if you would be a good fit within the company culture....
The hiring manager will also be seeking to discover whether the factors that motivate you are aligned with the company’s goals and with the role in which you would be working. This is a broad and open-ended question, which can make it hard to know how to answer. It can also be a challenge to figure out the best way to respond. After all, most people are motivated by many factors, including pay, prestige, making a difference, seeing results, and interacting with interesting people....
What’s the best way to discuss your resume during a job interview? Here are options for answering questions about your resume, and what (and what not) to share with prospective employers. Options for Talking About Your Resume Candidates will often recount their work experience in chronological order from the past to present, and focus their response on the jobs they have held and the names of their employers. However, there can be a better approach than simply relaying your work history....
Depending on the type of job you’re applying for, stopping by an organization to apply in person can be an excellent way to make a positive impression and secure a job. Learn when and how to ask for a job application, what to bring with you, what to wear, how to introduce yourself, and the best way to follow up after you’ve applied. When to Apply In Person for a Job Many employers in the retail and hospitality sectors expect job applicants to apply in person....
How to Avoid a Finance Charge Since finance charges are the credit card issuer’s way of charging you for carrying a balance, the simple way to avoid finance charges is to pay your full balance each month. Here’s how it works. Your credit card has a grace period—typically between 21 and 25 days after your billing cycle ends—which is your chance to pay your full credit card balance and avoid finance charges....
Trap 1: Cashing In Before Figuring Out Inheritance Tax Before you seek a payout of the money you inherited, figure out whether you will have to pay taxes and, if so, how much you will have to pay. The amount you will pay in tax on inherited money depends on the type of asset that was passed down to you, the account in which it was held, and when you choose to receive your payout....
Day Trading Stocks and Futures Part-Time Day traders only need to trade stocks or futures markets for about one to three hours per day. While a few day traders do trade all day, the greatest possible returns in the shortest amount of time are typically concentrated around the official open and close of stock trading. These occur at 9:30 a.m. and 4:00 p.m. EST respectively. When starting to day trade stocks part-time, focus your attention on the open of trading....
The reality is that achieving millionaire status is doable if you take proper steps to plan ahead. In fact, it’s possible to reach the million-dollar mark by age 30. The secret of how to become a millionaire begins with understanding which financial habits can help you grow wealth. Start Early One of the most powerful tools you have for saving $1 million by 30 is time. As you save and invest, your money earns interest....
With most money order issuers, including USPS, Western Union, and MoneyGram, you can cancel the payment. To do so, either fill out a form or take the money order back to the place you originally bought it. Bring identification and any information you have about the money order to start the process. It’s best if you have a receipt from your original money order purchase. If successful, the issuer should return funds to you, often within about 60 days....
We’ll discuss what the SBA Form 1920 is, who is responsible for filling it out, what the form involves, and how it’s submitted. What Is SBA Form 1920? The SBA Form 1920 provides the SBA with information about the lender, the borrower, and the loan itself—as well as details about compliance with the 7(a) loan program requirements. While the form must be filled out by the lender of any 7(a) loans, the borrower will need to provide much of the information required....
Correcting Form 941 for COVID-19-Related Tax Credits An employee retention credit (ERC) is available to eligible employers for keeping employees on their payroll. Legislation in December 2020 extended this tax credit through to June 30, 2021—meaning that the ERC can be claimed in the first and second quarters of 2021. The credit was expanded again in March 2021 with the passage of the American Rescue Plan Act, extending it through the end of 2021....
Importance of Aging Schedules for Accounts Receivables An aging schedule is a way of finding out if customers are paying their bills within the credit period prescribed in the company’s credit terms. Every day that a customer is late making payment on their account costs your company money from a cash flow point of view, so preparing an aging schedule to drive your collections policy is an important financial management step for a business firm....
There are steps you can take to find a lost policy and obtain its benefits if you believe you may be the beneficiary. Why Life Benefits Go Unclaimed Life insurance proceeds can go unclaimed for a few reasons. Sometimes beneficiaries don’t know they’re named on the policy, or that one even exists. They may have moved from the address listed on the contract, so the insurer can’t locate them. They may not know how to file a claim if the insurer goes out of business and transfers its policies to another without notifying beneficiaries....
Work-from-home jobs can be difficult to find, but there are companies that are hiring now for remote positions. Also, here’s a list of the top jobs to work remotely and three ways to find a work-from-home job. If you haven’t worked from home before, here’s how to find your first remote job. Be careful as you job search: There are almost as many scams as there are genuine work-from-home opportunities....
Unfortunately, it’s also possible that you may never get a response, not even a boilerplate note to let you know that you aren’t hired or won’t be contacted for an interview. Often, companies receive hundreds (or even thousands) of applications, and simply do not have the time to follow-up. Others may not have a system in place for handling rejections. Here are some of the reasons why you’re not hearing back, and advice on when and how to follow up on the status of a job application....
Benefits of Belonging to a Union Union workers typically havebetter wages than non-union employees in comparable jobs. For instance, according to the United States Bureau of Labor Statistics (BLS), the median weekly income of a non-union worker was $975 in 2021, as compared to $1,169 for a union worker. Non-union workers earned only about 83% of the wages garnered by union employees. Thus, union workers earned an average of about $10,000 in increased wages over the course of a year, due to their belonging to a union....
When you need equipment to keep your business running or to upgrade existing machinery to increase productivity, asset-backed funding is worth considering. Equipment loans are often easier to secure than traditional term loans and can help protect your cash flow by allowing for the slow payment of an asset over time. Learn the pros and cons of equipment financing and the ways in which it can be beneficial for businesses at any stage....
Just starting into business? Don’t assume you have to take the offer that’s presented. You can always negotiate. Before you start negotiations on that commercial real estate lease, review these tips to get a better deal: 1. Get your own agent. Don’t rely on the landlord’s agent to negotiate the best deal for you. Having your own agent gives you someone with your best interests in mind. Look for a goodcommercial real estate agentand develop a relationship....
