Which of the Following Is True Regarding Overtime Pay Under

question 21

Multiple Choice

Which of the following is true regarding overtime pay under the Fair Labor Standards Act?

• A)employees who work more than 8 hours in a work day must be compensated with overtime pay
• B)employees are entitled to twice their regular rate of pay for overtime hours
• C)private sector employers can pay for overtime required under the FLSA with compensatory time off in the future, whereas government agencies may not do so
• D)all of the above
• E)none of the above

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Definitions:

Compounded Semiannually

Refers to the process of applying interest to a principal sum twice a year, leading to interest being added to the total amount on which future interest payments are calculated.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Payments

The transfer of money or its equivalent from one party to another as a fulfillment of an obligation or for the acquisition of goods or services.

Compounded Semiannually

Refers to the process of applying interest to a principal sum twice a year, resulting in an increase in the amount of interest earned or paid.