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Exam 2: Computing Wages and Salaries

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Question 21

True/False

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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.

A) True
B) False

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Question 22

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

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.

F) B) and C)
G) A) and C)

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Question 23

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

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

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

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

In January 2017,the minimum hourly wage was:

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

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:

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

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 __________.

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

Which of the following is not required by the FLSA?

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

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

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

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​ ____________.

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

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.

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