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Newswest 9 | Midland, Texas | newswest9.com
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
Business
Yes, teens can be paid less than the federal minimum wage
Under federal law, employers are allowed to pay workers under the age of 20 less than the federal minimum wage during the first 90 days after initial employment.
Money
No, taxpayer money is not being used to cover deposits at SVB
Silicon Valley Bank failed on March 10. The U.S. government announced all of the bank’s depositors would be made whole, and no taxpayers would have to foot the bill.
Economy
Yes, women have to work until March 14 to earn as much money as men did the previous year
Equal Pay Day symbolizes how far into the year women must work to earn what men did the previous year. In 2023, that day falls on March 14.
Business
Viral post falsely links former Lehman Brothers executive to SVB collapse
A post claims a former Lehman Brothers executive was also a top executive at Silicon Valley Bank. He’s part of SVB Securities, which is independent of the bank.
Taxes
No, the IRS is not changing tip reporting requirements to crack down on waiters
Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Taxes
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
A spokesperson for the IRS says some “widely promoted scams” falsely claim workers qualify for the Employee Retention Credit.
Money
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Money
No, the debt and the deficit are not the same thing
The two concepts are related and easily confused. Here’s the difference:
Economy
No, the national debt and deficit are not the same thing
Here’s the difference between the debt and the deficit.
Money
Social Security: SSI recipients will get two payments in March
Millions of Supplemental Security Income (SSI) recipients will get two payments in March, but the second is an advance for April — it’s not a bonus payment.
Money
No, Walmart is not charging $1 to use shopping carts
A viral TikTok showed a deposit system at a store in Canada used to encourage shoppers to return carts.
Business
Yes, teens can be paid less than the federal minimum wage
Under federal law, employers are allowed to pay workers under the age of 20 less than the federal minimum wage during the first 90 days after initial employment.
Money
No, taxpayer money is not being used to cover deposits at SVB
Silicon Valley Bank failed on March 10. The U.S. government announced all of the bank’s depositors would be made whole, and no taxpayers would have to foot the bill.
Economy
Yes, women have to work until March 14 to earn as much money as men did the previous year
Equal Pay Day symbolizes how far into the year women must work to earn what men did the previous year. In 2023, that day falls on March 14.
Business
Viral post falsely links former Lehman Brothers executive to SVB collapse
A post claims a former Lehman Brothers executive was also a top executive at Silicon Valley Bank. He’s part of SVB Securities, which is independent of the bank.
Taxes
No, the IRS is not changing tip reporting requirements to crack down on waiters
Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Taxes
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
A spokesperson for the IRS says some “widely promoted scams” falsely claim workers qualify for the Employee Retention Credit.
Money
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Money
No, the debt and the deficit are not the same thing
The two concepts are related and easily confused. Here’s the difference:
Economy
No, the national debt and deficit are not the same thing
Here’s the difference between the debt and the deficit.
Money
Social Security: SSI recipients will get two payments in March
Millions of Supplemental Security Income (SSI) recipients will get two payments in March, but the second is an advance for April — it’s not a bonus payment.
Money
No, Walmart is not charging $1 to use shopping carts
A viral TikTok showed a deposit system at a store in Canada used to encourage shoppers to return carts.
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