Minimum Wage Law Flashcards

1
Q

As of January 1, 2016, the minimum rate is:

A

$8.50 per hour.

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2
Q

After X hours in any one work week, compensation is Y

times the regular rate.

A

After 40 hours in any one work week, compensation is 1 1/2 times the regular rate.

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3
Q

Minimum Wage Law: Employers may not discriminate upon…

A

An employer shall not discriminate based on sex when paying employees for the same work requirement.

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4
Q

Minimum Wage Law Training Hourly Wage applies to:

A

Applies to employees 16-19 years of age

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5
Q

Minimum training wage shall be $X per hour for the first Y days.

A

Minimum training wage shall be $4.25 per hour for the first 90 days.

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6
Q

Minimum wage for employees 16-17 years of age shall be X% of the general minimum wage $Y/HR.

A

Minimum wage for employees 16-17 years of age shall be 85% of the general minimum wage $7.23/HR.

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7
Q

Disputes relating to wages between employers and employees may be resolved by X

A

Disputes relating to wages between employers and employees may be resolved by the:
State of Michigan Wage Deviation Board.

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8
Q

Employees Receiving Gratuities (Tips)

  1. Minimum hourly rate $X per hour.
  2. Minimum hourly rate plus gratuities must equal or exceed the general hourly rate ($Y per hour)
A
  1. Minimum hourly rate $3.23 per hour.

2. Minimum hourly rate plus gratuities must equal or exceed the general hourly rate ($8.50 per hour).

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9
Q

January 1, 2017:
Minimum Hourly Wage Rate:
Tipped Employee Hourly Wage Rate:
85% of Minimum Hourly Wage Rate 16 & 17 years old:

A

Minimum Hourly Wage Rate: $8.90
Tipped Employee Hourly Wage Rate: $3.38
85% of Minimum Hourly Wage Rate 16 & 17 years old : $7.57

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10
Q

January 1, 2018:
Minimum Hourly Wage Rate:
Tipped Employee Hourly Wage Rate:
85% of Minimum Hourly Wage Rate 16 & 17 years old:

A

Minimum Hourly Wage Rate: $9.25
Tipped Employee Hourly Wage Rate: $3.52
85% of Minimum Hourly Wage Rate 16 & 17 years old : $7.86

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11
Q

Fringe Benefits include:

A

Fringe Benefits

  1. Additional benefits for employees other than direct wages.
    a. Pension plans
    b. Health plans
    c. Life insurance
    d. Paid vacations
    e. Sick leave
    f. Employee 401K plan
    g. Company vehicle
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12
Q

Purpose of fringe benefits

A

a. Retain skilled craftsmen
b. Improves company morale
c. Provide incentive for “team players”

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13
Q

Who can provide fringe benefits?

A

Note: Both closed shops (Union) and open shops (Non-Union) can provide fringe benefits.

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14
Q

Fringe benefit costs:

A

Fringe benefits costs are related to direct payroll costs.

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