Which of the Following Is a TRUE Statement About the Overtime

question 10

Multiple Choice

Which of the following is a TRUE statement about the overtime provisions for non-exempt employees of the Fair Labor Standards Act?

• A) A manufacturing firm with a 4-day/10-hour schedule must pay overtime for the two hours above 8 each day.
• B) Overtime pay is set at one and one-half times the regular pay rate for all hours in excess of 40 per week.
• C) Compensatory time off must be paid at straight time for all hours over 40 in a week or 8 in a day.
• D) d. The work week is defined as beginning at 12:01 a.m. Monday and running until midnight Sunday.

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Definitions:

Public Sector

The part of the economy composed of government services and institutions, funded and operated by the government.

Domestic Output

Domestic output, also known as gross domestic product (GDP), is the total value of all goods and services produced within a country's borders in a specific time period.

Federal Government Revenue

The income the federal government receives from taxes, fees, and earnings from its investments, used to fund public services and obligations.

Corporate Income Taxes

Taxes imposed on the income of corporations, which are calculated based on the profits these firms generate.