1. Which Act sets the minimum wage , and what is the current wage rate?
The Fair Labor Standards Act sets the minimum wage.The current minimum wage is $7.25/h.
2. Under the FLSA, what information concerning the employee's wages earned must be maintained by the employer?
1. Day and time of day when work-week begins.
2. Regular hourly rate of pay.
3. Basis of wage payments
4. Hours worked each day
5. Hours worked each week.
6. Daily or weekly straight -time pay.
7. Amount & nature of exempt pay
8. Weekly overtime pay g. Amount & nature of exempt pay h. Weekly overtime pay 9. Total additions to or deductions from wages
10. Total remuneration for payroll period.
11. Date of payment
12. Payroll period
3.Who pays the Social Security taxes levied by the Federal Insurance Contributions Act ?
FICA levies taxes on employers and employees to finance the Federal Old-Age & Survivors' Trust Fund, the Federal Disability Insurance Trust Fund, and the Health Insurance Plan- Medicare. SECA also imposes taxes on the net earnings of the selfemployed individual.
4. How are the funds used that are provided by FUTA & SUTA ? The taxes paid to the Federal government (FUTA tax) are used to pay the state and federal and administrative expenses incurred in operating the overall unemployment insurance program. The taxes paid to the various state governments (SUTA) are used to pay the unemployment compensation benefits to qualified unemployed workers.
5. What types of unfair employment practices are prohibited by the Civil Acts Right of 1964?
The unfair employment practices prohibited by the Civil Rights Act of 1964, as amended, include: a. Discriminating in hiring, firing, promoting, compensating, or in any other condition of employment on the basis of race, color, religion, gender, or national origin. b. Unions may not include or segregate union members on these bases. c. Employment agencies may not refer or refuse to refer applicants for employment on the basis of race, color, religion, gender, or national origin. 6.What is the purpose of the Age Discrimination in Employment Act (ADEA) ?
The purpose of the ADEA is to prohibit the discrimination on the basis of age in the employment practices of employers, employment agencies, and labor unions that are engaged in the industry affecting interstate commerce.
7.Are there any exceptions to the protection afforded older workers by the Age Discrimination in Employment Act(ADEA)?
Yes.A key exception is executives who are 65 or older and who have held high policy-making positions during the two-year period prior to retirement. If such an employee is entitled to an annual retirement benefit from the employer of at least $44000, the employee can be forcibly retired.
8. Who is covered by the Walsh-Healey Public Contracts Act ?
The Walsh-Healey Public Contracts Act covers laborers for contractors who furnish materials, supplies, articles, and equipment to any agency of the United States, provided the minimum contract amount is $10,000.
9.What are the main provisions of the Occupational Safety and Health Act (OSHA) sets ?
OSHA specific occupational and health standards for employers and requires that records be kept of work-related injuries, illnesses and death.
10. Under the Family and Medical Leave Act, what is the maximum number of weeks of unpaid leave that a covered employer is required to offer an employee whose spouse is seriously ill ?
The employer is required to offer the employee as many as 12 weeks of unpaid leave.
11. What is the primary purpose of the Employee Retirement Income Security Act (ERISA ) ?
ERISA was designed primarily to ensure that workers covered by private pension plans receive benefits from those plans in accordance with their credited years of service with their employers.
12. Explain the concept of vesting.
Vesting conveys to employees that if they have worked a certain no. of years in a...
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