REG: Business Law4 Flashcards
Alcoholics and AIDs patients are covered by the ADA Act. True or False
True
Medicaid is a part of Social Security. True or False
False
Who ranks U.S. hazardous waste sites based upon severity of risk 1) The EPA under the Resource Conservation and Recovery Act (RCRA) or 2) The EPA under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as Superfund.
2)
Would an employee who is negligent on the job and injures themselves be eligible for Workers Comp?
Yes, regardless of who is at fault
What transactions are considered exempt from registration requirement (during a securities offering)?
Private offering, intrastate offering, small offering, Regulation D, casual sales.
OSHA is authorized to develop safety equipment and require employers to instruct employees in its use. True or false.
False. This is a function of private industry.
OSHA only deals with exposure to SUBSTANCES that may be harmful to their health.
An employer can take a credit against their FUTA tax for amounts they paid into state unemployment funds. True or False.
True
The amount of FUTA tax is determined as a percentage of all compensation paid to an employee. True or false.
False.
It’s 0.6% of the first $7,000 per year of each employee’s wages or salary.
FUTA tax is held from the employee. True or false.
False
Responsible parties under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) can be held liable regardless of the fact that they did not dispose of the waste. True or false.
True
The imposition of joint and several liability meaning that one responsible party or all parties together can be held liable for all cleanup costs is allowed under CERCLA. True or false.
True
Payment of the employee’s share of FICA is considered additional compensation to the employee. The employer must include the amount of taxes that they pay in the employee’s gross wages for income tax purposes (gross wages). Can this amount be taxed by Medicare or Social Security?
No.
Threats to independence
Self interest, self review, familiarity (family), undue influence, management participation.
According to the Clean Water Act, what are navigable waters?
All waters of the United States that are used in interstate commerce. The definition also includes all freshwater wetlands that are adjacent to all covered waterways.
If an employee has a preexisting condition and their employment aggravates that condition, the employee may be eligible for Workers Comp. True or false.
True
