In Determining Whether an Abuse Exists Under § 707(b), the Bankruptcy

question 27

True/False

In determining whether an abuse exists under § 707(b), the bankruptcy court is permitted to take into consideration past and future charitable contributions of the debtor.

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Definitions:

Time and a Half

A payment rate that is 1.5 times the employee's regular hourly rate, typically paid for overtime work.

Federal Insurance Contributions Act

U.S. legislation that funds Social Security and Medicare through payroll taxes imposed on both employers and employees.

FICA

The Federal Insurance Contributions Act, which mandates a payroll tax to fund Social Security and Medicare in the United States.

Fair Labor Standards Act

A federal law in the United States that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.