Sign up to the What Hi-Fi? newsletter now to receive our latest news, reviews and offers straight to your inbox!
This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
Currently, the maximum tip credit an employer can claim under the Fair Labor Standards Act (FLSA) is $5.12 per hour â the federal minimum wage of $7.25 minus the minimum required cash wage of $2.13. The server, paid at the minimum wage of $7.25 an hour, works 40 hours a week.