Chapter 9 - Wage and Hour Law of Contracts

Question 1

what does FLSA stand for?

Answer 1

Fair labor standards act

Question 2

what is FLSA?

Answer 2

a federal law passed in 1938 and subsequently amended many times, particularly with regard to the minimum wage. if a hotel or business produces $500K or more in sales for the year, it is covered under the federal law

Question 3

who is tipped employee?

Answer 3

who make $30 or more in tips per month (excluding service charge)

Question 4

what is Tip credits?

Answer 4

the FLSA allows am employer to take a tip credit of a percentage of the minimum wage. a credit toward the hourly minimum wage rate resulting in a lower cash wage per hour for straight time hours. the credit is equal to the amount of tips actually received; however the law provides that tips cannot be used to reduce the ash amount paid by the employer to less than $2.13 per hour