Examlex
Which of the following statements about business communications is true?
Fair Labor Standards Act
A U.S. law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.
Time and a Half
A payment rate that is 1.5 times the employee's regular hourly rate, typically paid for overtime work.
Federal Insurance Contributions Act
U.S. legislation that funds Social Security and Medicare through payroll taxes imposed on both employers and employees.
FICA
The Federal Insurance Contributions Act, which mandates a payroll tax to fund Social Security and Medicare in the United States.
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