With the Assumptions Made in Our Model,OSHA Standards That Decrease

question 20

Multiple Choice

With the assumptions made in our model,OSHA standards that decrease risk levels in the workplace should establish the allowable risk levels

• A) to ensure the highest degree of health and safety protection for all workers.
• B) so that they will not result in higher costs/lower profits for employers.
• C) by focusing on jobs currently paying the largest compensating wage differentials.
• D) by weighing the costs of safety programs against the value workers or other beneficiaries attached to the benefits of reduced risk.

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Definitions:

Double Time

A rate of payment that is twice the regular wages, often paid for working on holidays or outside of normal working hours.

Time and a Half

An overtime pay rate, typically 1.5 times the employee's regular hourly wage, paid for hours worked beyond the standard workweek.

FICA Tax

Federal Insurance Contributions Act tax, a U.S. federal payroll tax funding Social Security and Medicare benefits.

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.