In re: Is a $1 salary paid all at once or in 4-cent installments?

“It’s paid in a lump sum. Richard Kinder, the CEO of Kinder Morgan Energy Partners, gets his $1 dollar salary by check every January—that’s 93 cents, after deducting for state and federal taxes.

via Is a $1 salary paid all at once or in 4-cent installments? – By Nina Shen Rastogi – Slate Magazine .

Ever wondered if these $1 salaries that are all the rage (Apple, Google, and now the car companies) are illegal due to not meeting the minimum wage and other fun stuff? See the article above for all of that.

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