ACC 150 Chapter 2 Study Guide
The FLSA provides for two bases of coverage:
Enterprise coverage and Individual Coverage
Individual Coverage
engage in interstate commerce or produce goods for such commerce.
The FLSA of 1938 established a
minimum wage of $0.25 per hour for a straight-time workweek of 44 hours.
Wage usually refers to
renunciation paid on an hourly/piecework basis.
How does the FLSA define a workweek?
A fixed and regularly recurring period of 168 hours-----7 consecutive 24 hour periods.
What is a tip?
A gift/gratuity given by a customer in recognition of some service performed.
If tips do not amount to at least the tip credit of ________ per hour.
$5.12
What is the current tip credit allowed?
$2.13
Are wage differentials between sexes allowed?
Allowable if based on a seniority system, a merit system, a payment plan that measures earning by the quantity/quality of production, or any factors other than sex.
Enterprise coverage
At least 2 employees engage in interstate commerce or produce goods for interstate commerce. The Business has annual gross sales of at least $500,000. Coverage extends without regard to annual sales volume to hospital, nursing home, institution for mentally ill, school for mentally/physically handicapped, Preschool, Elementary School, Secondary School, institute of higher education, and public agency.
It prohibits an employer from doing what?
Discriminating by paying wages to employees of one sex at a lower rate than those of the opposite sex for equal work on jobs that require equal skill, effort, and responsibility & that are performed under similar working conditions.
The Fair Labor Standards Act, commonly known as the
Federal Wage and Hour Law
What does the Equal Pay Act require?
Men and women performing equal work must receive equal pay.
An individual is an employee if
S/he performs services in a covered employment.
Domestic workers must be paid the minimum wage if:
They perform services in one or more homes for a total of 8 hours or more in any workweek; They earn wages of at least $2,000 from an employer in a calendar year.
A common law relationship of employer and employee exists when
the employer has the right to control both what work will be done & how it will be done.
The Fair Labor Standards Act, contains
provisions and standards concerning minimum wage, equal pay for equal work regardless of sex, overtime pay, record-keeping, & child labor.
Does an employer have to pay overtime if you work over 8 hours in a day?
No
Under the FLSA is additional pay required if you work on Saturday, Sunday, or special days (holidays)?
No
The workweek may begin
On any day of the week and need not coincide with the calendar week.
Define a tipped employee.
One who engages in an occupation in which tips of more than $30 a month are customarily & regularly received.
The FLSA requires overtime pay
all hours worked over 40 hours in a workweek
The FLSA defines an employer as
any person acting directly/indirectly in the interest of an employer.
Exempt employees are
exempt from some or all FLSA requirements, such as minimum wage, equal pay, and overtime pay.
The Fair Minimum Wage Act of 2007
increased the minimum wage to $7.25 beginning July 24,2009.
Salary usually refers to
renunciation paid on an weekly basis
To be eligible for this exemption, what criteria must be met?
the employee must be paid on a salary basis, must be paid at least $913 a week, $47,476 annually and must meet primary duty requirements.
If tips do not amount to at least the tip credit of _________ per hour, what does the employer have to do?
the employer must increase the hourly rate of pay so that the hourly wages plus the equivalent hourly rate of tips received equal, at a minimum, $7.25 per hour.
Wages include
the renunciation/compensation of paid employees.
