Chapters 2 Flashcards
every two weeks
biweekly
stated percentage of revenue paid an employee who transacts a piece of business or performs a service
Commission
the state existing when the employer has the right to control both what work will be done and how it will be done
Common-law Relationship
method of recording time on time cards in which the day is divided into one 24- hour period with time running from 12 midnight to 12 midnight
continual system
a bonus not agreed on announced or promised before payment
discretionary bonus
services of a household nature perform in or about a private home of the person who employs the domestic
domestic service
an y individual performing services for an employer in the legal relationship of employer and employee
employee
applied to determine if employees of an enterprise are covered under the provisions of the FLSA. The test criteria are at least two employees engaged in interstate commerce and the annual gross sales volume of at least $500,000
enterprise coverage
workers exempt fro some or all of the FLSA requirements such as minimum wages equal pay and overtime pay
exempt employees
the total regular earnings and total overtime earnings also known as gross pay
gross earnings
applied to determine if the FLSA covers employee the test is that the employee either engages in interstate commerce or produces goods for such commerce
employee coverage
a bonus normally based on hours worked units produced production efficiency or work quality
non discretionary bonus
method of calculation overtime pay be multiplying the total hours worked including overtime hours by the regular rate of pay and then multiplying the overtime hours by 1/2 the hourly rate
overtime premium
compensation plan under which workers are paid according to their output
piece-rate system
those tasks employees must perform for the employer
principal activities