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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Do you pay taxes on co op in NYC?

Co-Op Owners If you own a co-op, your co-ops managing agent, or board of directors gets the property tax bill for the entire building. You can contact them for payment and exemption information for your apartment.

How is prevailing wage level calculated?

How Are Prevailing Wages Determined? Employers can obtain this wage rate by submitting a request to the National Prevailing Wage Center (NPWC), or by accessing other legitimate sources of information such as the Online Wage Library, available for use in some programs.

What is prevailing wage for Washington State?

Prevailing Wage is the hourly wage paid to the majority of construction workers in the largest city in each county in Washington State, as determined for each trade by the Department of Labor Industries (LI). The General Contractor must display a list of these wages at the jobsite.

What is the local prevailing wage?

The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type of work within the locality and in the nearest labor market area (if a majority of such workers are paid at a single rate).

How does tax abatement work in NYC?

What is a 421a Tax Abatement In NYC? A 421a tax abatement lowers your property tax bill by applying credits against the total amount you owe. It is most commonly granted to property developers in exchange for including affordable housing and the benefit lasts for 10 to 25 years.

What is a prevailing wage affidavit NYC?

The prevailing wage affidavit must be filed for properties that have 30 or more dwelling units and an average assessed unit value of more than $60,000, or that have less than 30 dwelling units and an average assessed unit value of more than $100,000.

How do I file prevailing wage in Washington state?

The Statement of Intent to Pay Prevailing Wages should be ﬁled immediately after the contract is awarded and before work begins. The intent must be filed online through your Contractor Portal in My LI.

How is prevailing wage determined in Washington state?

Prevailing Wage determinations are issued by the LIs Industrial Statistician. A determination by the Industrial Statistician is a more formal and lengthy process for responding to your questions. The Industrial Statistician will make a determination, such as which scope to use, based on the facts presented.

What is prevailing wage in New York City?

It is the rate of pay that contractors in New York public worksites have to pay their workers. It is a much higher rate than the regular minimum wage rate that applies to other workers, because the prevailing wage rate is based on the hourly rates that unions pay specific types of workers in a given market. 2.

What is an example of prevailing wage?

An example would be a government construction project in New York City. The prevailing wage would be based on construction workers in the New York area and wouldnt allow a company or worker to underbid by paying its workers less than the prevailing wage.

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Discover how to Include Wage Affidavit For Free in a few simple steps

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