When Introduced in the United States,the Minimum Wage Was Set

question 12

Multiple Choice

When introduced in the United States,the minimum wage was set at ______ and covered about ______ of all workers.Today the federal minimum wage is ______ and it covers almost ______ of workers.

• A) $0.25;50 percent;$4.25;50 percent
• B) $1.00;75 percent;$10.25;50 percent
• C) $0.50;100 percent;$7.25;90 percent
• D) $0.50;75 percent;$7.25;90 percent
• E) $0.25;50 percent;$5.25;90 percent

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Definitions:

Service Revenue

The income earned by a company for the services it has provided to its customers.

Normal Starting Balance

Normal Starting Balance refers to the initial amount of money in an account at the beginning of a financial period.

Debit Postings

Entries made on the left side of an account, increasing the balance of assets and expenses or decreasing liabilities and equity.

Credit Postings

Entries made on the credit side of an account ledger, indicating an increase in liability, revenue, or equity accounts, or a decrease in asset or expense accounts.