Brittany Is a Full-Time College Student and Is 21 Years

question 77

Multiple Choice

Brittany is a full-time college student and is 21 years of age.Her employer has the option to pay her less than the Federal minimum wage.What is the minimum hourly rate that Brittany may receive?

• A)$7.25 per hour
• B)$4.25 per hour
• C)$6.16 per hour
• D)$5.80 per hour

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor used in their production.

Short-Term Obligations

Short-term obligations are debts or financial commitments that are due within a year.

Merchandise Inventory

Goods that a company holds for the purpose of sale to customers, typically reported as a current asset on the balance sheet.

Ending Inventory Balance

The total value of all the goods that a company still has on hand at the end of an accounting period.