Exam (elaborations)
FPC - Study Set 2 (1
- Course
- Institution
FPC - Study Set 2 (1
[Show more]
Seller
Follow
lydiaomutho
Content preview
FPC - Study Set 2What are exempt employees exempt from? - ANS-Overtime, min wage
The following types of employees are classified as exempt from the FLSA's minimum wage and
overtime requirements. The last is NOT. - ANS-EXEMPT:
-Professional
-Outisde salesperson
-Administrative.
NOT EXEMPT:
-Computer repairman
Tip credit can be used to reduce employees hourly rate only if they receive more than $___ a
month from tips. - ANS-$20.
If receive tips, can reduce wage down to ____/hr - ANS-$2.13
Is the wage decided from state lived in or state worked? - ANS-Worked
Police officers receive OT after ___ hours in a work period - ANS-171 hours
Firefighters receive OT after ___ hours in a work period - ANS-212 hours
Firefighters and policeofficers work period is ___days - ANS-28
Hospital/ nursing work period is ___ days - ANS-14
8/80 rule applies to - ANS-Hospital and assisted living facilities.
A non-exempt employee working at a hospital can work more than 40 hours a week and not be
paid overtime? True or false? - ANS-True.
What type of compensation is not included in calculating an employees regular rate of pay for
OT purposes?
-shift premium
-production bonus
-4 hours paid not worked
-4% cost of living adjustment. - ANS-4 hours paid not worked.
What type of pay is included in the regular rate of pay calculation?
-discretionary bonus
, -paid sick leave
-paid vacation leave
-production bonus - ANS-Production bonus
What is the total weekly compensation calculation? - ANS-Regular rate of pay (.5)(OT hours) =
OT premium
OT premium + Regular rate of pay = Total compensation
5 year record retention for documents" - ANS--occupational illnesses and accidents
-other OSHA records
4 year record retention for documents (according to IRS) - ANS--duplicate copies of tax returns
-returned copies of w-2
-canceled/ voided checks
-employees name/ SS/ address occupation
-amount and date of payments for wages, tips, etx.
-record of allocated tips
-amount of wages subject to withholding
-taxes withheld
-copies of form w2
-agreements to withhold additional amounts
-dates when employee was absent due to injury and received payments
-dates when employee was absent from work and payments were made under a contingency
plan
-copies of forms 941, 940, 945, w2, w3, schedule b, 1099 MISC, etc.
3 year record retention for documents (according to FLSA) - ANS-Name of employee
-hours worked each day/ week
-amount and day of payment
-amounts earned for straight time and OT
-collective bargaining agreements
-sales and purchase records
-Form I-9
3 year record retention for documents (accordin to FMLA) - ANS-Name, address, occupation
-additions to total compensation
-dates of FMLA leave
-copies of written FMLA notices
-copies of general notices provided to employees
-plan descriptions
-premium payments
-records of any disputes
2 year record retention - FLSA - supplemental - ANS--time cards
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lydiaomutho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now