Employment and Public Contracts Act

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

References: 16. What is the significance of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act in the employer’s use of prehire inquires? They make certain that all aspects of the prehire inquiries are free of discrimination on the basis of race, color, religion, gender, national origin, or age. 17. What obligations are imposed on the employer by the Fair Credit Reporting Act of 1968 ? The Fair Credit Reporting Act of 1968 subject employers to certain disclosure obligations when they seek an investigative report from a consumer reporting agency on the job applicant, or in some instances on present employees. The employer must notify the applicant or employee in writing that such a report is being sought. And should employment be denied due to such report, the employer must notify applicant of this fact and give the name of the consumer report agency to the applicant or employee 18. What procedures are usually included in a typical payroll accounting system ? The following procedures are adopted: a. Record hours worked or units produced. b. Compute gross pay deductions, and net pay. c. Complete payroll register. d. Maintain payroll deduction records. e. Update employee 's earnings records. f. Prepare paychecks. g. Record payroll in accounting books. h. Prepare various payroll reports. 19. What two basic records are generated in most payroll accounting systems ? The two basic records produced in a payroll accounting system are the payroll register and the employee 's earnings record. 20. What uses are made of information shown in the employee 's earnings record ? The earnings record provides the information needed to prepare periodic reports required by the various laws and to complete Form W-2 for each employee.