Which of the Following Is Required by Federal Law in Regard

question 45

Multiple Choice

Which of the following is required by federal law in regard to holidays?

• A) That employees be allowed to either be off or be paid double for 1 holiday per year.
• B) That employees be allowed to either be off or be paid double for 2 holidays per year.
• C) That employees be allowed to either be off or be paid double for 3 holidays per year.
• D) That employees be allowed to either be off or be paid double for 4 holidays per year.
• E) Employees are not guaranteed any holidays off or any extra pay for working holidays under federal law.

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Definitions:

Contribution Format Income Statement

A format for income statements that divides fixed and variable expenses, emphasizing the margin of contribution.

Traditional Format Income Statement

A type of income statement where expenses are deducted from revenues to calculate net income, typically divided into operating and non-operating sections.

Fixed Selling Expense

refers to selling costs that do not vary with the volume of sales, including salaries of sales personnel and advertising expenses.

Variable Selling Expense

Variable selling expense refers to costs that fluctuate with the volume of sales, such as commissions and shipping charges.