An Employer Can Pay a Training Wage Below Minimum Wage

question 32

Short Answer

An employer can pay a training wage below minimum wage to young workers entering the workforce for the first time, and training wages must be at least ____________________ percent of the minimum wage.

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Definitions:

Unit Product Cost

The total cost (both fixed and variable) associated with a product, divided by the number of units produced.

Year 2

Often refers to the second year of operation, study, or analysis in various contexts, particularly in financial and academic settings.

Absorption Costing

A technique in financial accounting that involves accumulating all costs of production, namely direct materials, direct labor, and overhead (both fixed and variable), into the cost base of a product.

Net Operating Income

This is the total profit of a company after operating expenses are subtracted from operating revenues but before income from investments and taxes are considered.