Which of the Following Automatically Exempts an Employer from FLSA

question 23

Multiple Choice

Which of the following automatically exempts an employer from FLSA provisions? (Select all that apply.)

• A) The firm has annual volume of less than $500,000.
• B) The firm is a school for physically handicapped children.
• C) The firm is a governmental agency.
• D) The firm conducts no interstate commerce.

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Definitions:

Equal Annual Cash Flows

A series of identical cash amounts that occur at equal intervals over a period of time, commonly used in financial analysis.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Withdraw

To remove something from consideration or usage, or to take money out of a bank account.

Invest Enough Money

The process of allocating adequate financial resources to opportunities, projects, or assets to achieve desired outcomes or returns.