Question 1

The FLSA sets no limits upon the number of hours that a 15-year-old person may work so long as the overtime pay provisions are met.

Accepted Answer

A) True 
 B)False

Question 2

Employees paid by the hour without a guarantee of a weekly minimum salary do not qualify for the salary test for white-collar workers.

Accepted Answer

A) True 
 B)False

Question 3

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.Jack Kenston works a 40-hour week with overtime paid at 1   times his regular rate of pay of $14.88.This week he worked 42 hours,which resulted in a gross pay of __________.

Accepted Answer

The answer of Instruction 2-1
Unless instructed otherwise,compute hourly rate and...

Question 4

Employees who are receiving remedial education may work up to 10 hours overtime each week without receiving overtime pay.

Accepted Answer

A) True 
 B)False

Question 5

The FLSA contains detailed specifications of the methods that employers must follow in keeping time records.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  the worker produces goods for interstate commerce. 
B)  the worker is a housekeeper in a private home for 16 hours a week. 
C)  the domestic receives cash wages of at least $2,000 from the employer in the calendar year. 
D)  all of the above. 
E)  none of the above. 
A)  the worker produces goods for interstate commerce. 
B)  the worker is a housekeeper in a private home for 16 hours a week. 
C)  the domestic receives cash wages of at least $2,000 from the employer in the calendar year. 
D)  all of the above. 
E)  none of the above.

Question 7

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 Abel works a 37 1/2 hour week at $10.75 an hour.Overtime hours are paid at 1 1/2 times the regular rate.
​
(a)Abel's regular weekly earnings are ____________.
(b)Abel's overtime rate is _____________.
(c)If Abel works 6 hours overtime during one week,calculate Abel's total gross earnings​ ____________.

Accepted Answer

a.(37 1/2 x $10.75)=

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

In January 2017,the minimum hourly wage was:

Accepted Answer

A)  $9.35. 
B)  $7.15. 
C)  $10.00. 
D)  $8.15. 
E)  None of the above. 
A)  $9.35. 
B)  $7.15. 
C)  $10.00. 
D)  $8.15. 
E)  None of the above.

Question 10

An employer can credit up to $5.12 of a tipped employee's minimum wage as coming from the tips received by that employee.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not required by the FLSA?

Accepted Answer

A)  Extra pay for work on holidays 
B)  Two weeks' vacation pay after one year of service 
C)  Restriction on hours worked by a 17-year-old worker 
D)  All of the above are required. 
E)  None of the above is required. 
A)  Extra pay for work on holidays 
B)  Two weeks' vacation pay after one year of service 
C)  Restriction on hours worked by a 17-year-old worker 
D)  All of the above are required. 
E)  None of the above is required.

Question 12

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:

Accepted Answer

A)  one and one-half the higher of the two wage rates. 
B)  one and one-half the lowest of the two wage rates. 
C)  one-half of the higher of the two wage rates. 
D)  one-half of the two rates combined. 
E)  none of the above. 
A)  one and one-half the higher of the two wage rates. 
B)  one and one-half the lowest of the two wage rates. 
C)  one-half of the higher of the two wage rates. 
D)  one-half of the two rates combined. 
E)  none of the above.

Question 13

"Engaged to wait" and "waiting to be engaged" are both considered work time.

Accepted Answer

A) True 
 B)False

Question 14

Nondiscretionary bonuses are part of the determination of the regular rate of pay.

Accepted Answer

A) True 
 B)False

Question 15

Under the FLSA,regular rate of pay does not include:

Accepted Answer

A)  vacation pay. 
B)  severance pay. 
C)  overtime pay. 
D)  earned bonuses. 
E)  All of the above are considered wages. 
A)  vacation pay. 
B)  severance pay. 
C)  overtime pay. 
D)  earned bonuses. 
E)  All of the above are considered wages.

Question 16

One of the tests to be met for the white-collar exemption for an executive is to be paid a salary of at least $913 per week.

Accepted Answer

A) True 
 B)False

Question 17

Public safety employees of a state can be granted compensatory time off in lieu of overtime compensation.

Accepted Answer

A) True 
 B)False

Question 18

Hourly employees who take work home without the permission of the employer do not have to be paid for the work done at home.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Institutions of higher education are extended coverage under FLSA without regard to their annual sales volume.

Accepted Answer

A) True 
 B)False

The FLSA sets no limits upon the number of hours that a 15-year-old person may work so long as the overtime pay provisions are met.

Employees paid by the hour without a guarantee of a weekly minimum salary do not qualify for the salary test for white-collar workers.

Employees who are receiving remedial education may work up to 10 hours overtime each week without receiving overtime pay.

The FLSA contains detailed specifications of the methods that employers must follow in keeping time records.

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

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

In January 2017,the minimum hourly wage was:

An employer can credit up to $5.12 of a tipped employee's minimum wage as coming from the tips received by that employee.

Which of the following is not required by the FLSA?

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:

"Engaged to wait" and "waiting to be engaged" are both considered work time.

Nondiscretionary bonuses are part of the determination of the regular rate of pay.

Under the FLSA,regular rate of pay does not include:

One of the tests to be met for the white-collar exemption for an executive is to be paid a salary of at least $913 per week.

Public safety employees of a state can be granted compensatory time off in lieu of overtime compensation.

Hourly employees who take work home without the permission of the employer do not have to be paid for the work done at home.

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

Institutions of higher education are extended coverage under FLSA without regard to their annual sales volume.

The Need for Payroll and Personal Records

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll

Filters

Exam 2: Computing Wages and Salaries

The FLSA sets no limits upon the number of hours that a 15-year-old person may work so long as the overtime pay provisions are met.

Employees paid by the hour without a guarantee of a weekly minimum salary do not qualify for the salary test for white-collar workers.

Employees who are receiving remedial education may work up to 10 hours overtime each week without receiving overtime pay.

The FLSA contains detailed specifications of the methods that employers must follow in keeping time records.

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

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

In January 2017,the minimum hourly wage was:

An employer can credit up to $5.12 of a tipped employee's minimum wage as coming from the tips received by that employee.

Which of the following is not required by the FLSA?

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:

"Engaged to wait" and "waiting to be engaged" are both considered work time.

Nondiscretionary bonuses are part of the determination of the regular rate of pay.

Under the FLSA,regular rate of pay does not include:

One of the tests to be met for the white-collar exemption for an executive is to be paid a salary of at least $913 per week.

Public safety employees of a state can be granted compensatory time off in lieu of overtime compensation.

Hourly employees who take work home without the permission of the employer do not have to be paid for the work done at home.

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

Institutions of higher education are extended coverage under FLSA without regard to their annual sales volume.

The Need for Payroll and Personal Records

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll

Filters