The ____,Passed by Congress in 1936,requires That Organizations Manufacturing or Furnishing

question 16

Multiple Choice

The ____,passed by Congress in 1936,requires that organizations manufacturing or furnishing materials,supplies,articles,or equipment in excess of $10,000 to the federal government pay at least the minimum wage for the industry as determined by the secretary of labor.

• A) Davis-Bacon Act
• B) Lilly Ledbetter Fair Pay Act
• C) Fair Labor Standards Act
• D) Walsh-Healey Public Contracts Act

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Definitions:

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.

Social Security Tax

A payroll tax collected to fund the Social Security program, charged to both employers and employees.

Sales Tax

A tax imposed by a government on sales of goods and services, collected by the retailer and passed on to the state or local government.

Proportional Rate Structure

A tax system where the tax rate is the same for all income levels, meaning everyone pays the same percentage of their income in taxes, regardless of how much they earn.