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Exam 2: Computing Wages and Salaries

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Question 1

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The FLSA requires that employees be given at least two 15-minute rest periods each workday.

A) True
B) False

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Question 2

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An enterprise is covered under the FLSA if there are at least two employees engaged in interstate commerce and if the enterprise has gross annual sales volume of at least $100,000.

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B) False

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Question 3

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If an employee works two jobs at two different wage rates for the same employer during the same pay week, any overtime pay must be calculated by using an overtime hourly rate of:

Instruction 2-2 Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  Refer to Instruction 2-2. Carson Morris worked two separate jobs for Horwath Company during the week. Job A consisted of 36 hours  at $16.00  per hour;  Job B entailed 14 hours at $17.50 per hour. Determine his gross pay for that week if the  employer uses the average rate  basis for  the overtime pay _____.

A discretionary bonus is included in an employee's regular rate of pay.

Instruction 2-2 Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  Refer to Instruction 2-2. Susan Tate receives an hourly wage of $11.25 for a 40-hour week of 5 days, 8 hours daily. For Saturday work, she is paid 1.5 times the regular rate. For Sunday work, she is paid 2 times the regular rate. One week, she worked 50 hours-4 hours of which were on Saturday and 6 hours on Sunday. Her total earnings for the week are _____.

Under individual employee coverage , the worker is covered by the FLSA if:

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1 . Kelli England earns $12.30 per hour and has earned a production bonus this week of $37.10. If England worked 44 hours this week, her gross pay is __________.

In January 2019, the minimum hourly wage was:

Under the Equal Pay Act:

Although commissions are considered payments for hours worked, in all cases they are excluded when determining the regular hourly rate.

Under enterprise coverage , all employees of a business are covered by the FLSA if the organization is:

A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:

Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:

The FLSA defines a tipped employee as one who regularly receives tips of more than $20 a month.

Payments made to a bona fide profit-sharing plan that meets the standards set by the secretary of labor's regulations are not deemed wages in determining the regular rate of pay.

Instruction 2-2 Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  Refer to Instruction 2-2. Diane Duke works a standard 40-hour workweek. She is paid time and one-half for all hours over 40 in each workweek. Her regular hourly wage rate is $10.90. One week, Duke worked 49 hours. Her total gross earnings for the week are _____.

The FLSA requires that workers receive overtime pay of twice the employees' regular hourly rate for hours worked on Sunday.

Instruction 2-2 Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  Refer to Instruction 2-2. Ron Morris earns $11.80 per hour and worked 44 hours this week. In addition, he earned a production bonus of  $35.20 for the week. His gross pay for the week is ___________.

Employers may adopt the practice of recording an employee's starting and stopping time to the nearest quarter of an hour.