Under the Equal Pay Act, Pay Differentials on the Basis

question 254

Multiple Choice

Under the Equal Pay Act, pay differentials on the basis of sex are eliminated by:

• A) lowering the wages received by men
• B) lowering the wages received by women
• C) raising the wages received by women
• D) raising the wages received by men
• E) giving stock options to the group discriminated against

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Definitions:

Sick Pay

Compensation paid by employers to employees during periods when they are unable to work due to illness.

Cumulative Preferred Stock

Cumulative preferred stock is a type of preferred stock that accumulates dividends in case of non-payment in any period, requiring these dividends to be paid out before any dividends to common stockholders.

Dividend Payable

A liability recorded when a company declares dividends to be paid to shareholders, representing the amount owed until the dividends are distributed.

Current Liability

Liabilities due within a short period, usually one year, that are to be paid with current assets.