Which of the Following Permits a Lower Training Wage,which Employers

question 56

Multiple Choice

Which of the following permits a lower training wage,which employers may pay to workers under the age of 20 for a period of up to 90 days?

• A) FLSA
• B) ADA
• C) FMLA
• D) ERISA
• E) ADEA

---

Definitions:

Accrual Basis

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.

Insurance Expense

The cost incurred by a business for its insurance policies, which is recorded as an expense on the income statement.

Prepaid Insurance

An asset account that represents payments made in advance for insurance services, which are expensed over the period the insurance coverage is applicable.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.