MINIMUM WAGE Definition

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MINIMUM WAGE is the lowest compensation you are allowed to pay an employee for hourly work. It is defined by Federal, state, and sometimes local laws. State or local laws may be more restrictive than Federal law, and certainly may differ.

Learn new Accounting Terms

CONSULTED is sought advice or information.

ESCHEAT is the reversion of property to the state (government) in the absence of legal heirs or claimants.

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