Exam 2: Computing Wages and Salaries

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Under the piece-rate system, workers are paid according to their output.

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True

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

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D

Under no conditions may children under age 16 be employed in food service establishments.

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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.

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If a business does not meet the enterprise coverage test, none of its workers qualify for individual employee coverage.

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Bona fide meal periods when the employee is completely relieved from duty are not considered working time.

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Employers may pay nonexempt employees who work fluctuating schedules a fixed salary.In these cases, the extra pay is:

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All employers can grant compensatory time off to employees in place of overtime pay.

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In converting semimonthly wage rates to hourly rates, divide the semimonthly rate by 4 to arrive at the weekly rate, then divide this rate by the standard number of hours.

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

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Which of the following is not required by the FLSA?

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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 calcu?lated by using an overtime hourly rate of:

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Training sessions are counted as working time when the following condition is met:

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

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A retail shop may employ a full-time student at $5.00 per hour.

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

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

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The tips received by a tipped employee are less than $5.12 of the minimum hourly tip credit rate.The maximum permissible tip credit is:

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In January 2016, the minimum hourly wage was:

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Under the continental system of recording time, 9:00 a.m.is recorded as 900 while 9:00 p.m.is recorded as 2100.

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