Match the Terms with the Definitions

question 7

Multiple Choice

Match the terms with the definitions.
- Requires employers to pay overtime at 1 1/2 times the regular rate to any hourly employee who works over 40 hours in a week.

• A)direct deposit
• B)electronic system
• C)employee
• D)employee earnings record
• E)Fair Labor Standards Act (FLSA)
• F)FICA taxes
• G)gross pay
• H)independent contractor
• I)manual system
• J)net pay
• K)payroll processing center
• L)payroll register
• M)salary
• N)wage-bracket method
• O)wages
• P)withhol ding allowance

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Definitions:

Scienter

Knowledge of wrongdoing or fraudulent intent, particularly in legal contexts involving deception.

Section 11

Often refers to a specific provision in a legal document or piece of legislation; the exact meaning depends on the context.

Securities Act of 1933

A U.S. legislation enacted as a result of the stock market crash of 1929, requiring that offers and sales of securities are registered, providing investors with truthful information on securities.

Liability

Legal responsibility or obligation that arises from actions or as a result of a contractual agreement, potentially requiring the liable party to compensate for damages or losses incurred.