Reg of Business Employment and antitrust Flashcards
What are 2 ways a company can ward off a take over
I. The target corporation may make an offer (“self-tender”) to acquire stock from its own shareholders.
II. The target corporation may seek an injunction against the acquiring corporation on the grounds that the attempted takeover violates federal antitrust law.
Does ERISA make you establish a pension plan
no
It sets standards that an employer must meet is they do establish a pension plan
What are the ERISA Standards
- everyone can participate at their level
- Vesting - employer - 5 years employee - immediately
Funding - a corp can only deduct the amount they actually fund
What do we know about FUTA
- imposed on employers
- based on wages paid constructively paid to employees
- based on a percentage up to a limit
- it is reduced by a credit for state unemployment taxes paid
WHAt does strictly liable mean - workers comp
It is designed to compensate employees for injuries occurring on the job without assigning fault
may or may not be paid for life
- available even if employee is negligent
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How can you tell if someone is a contract worked
They are paid by the job - not by the week
- independent often have there own tools
Who pay for workers comp and an unemployment (FUTA)
Both paid entirely by employer
employee pays none
Who are worker’s comp benefits available to?
Only those employees injured while working within the scope of employment can obtain worker’s compensation benefits.
Who enforces environmental standards
the fed government
Why was workers comp created
its primary purpose was ensure that workers would be able to obtain benefits for all job-related injuries and illnesses without having to prove employer fault.
do employee pay for worked comp
nope - only the employer
Under the Fair Labor Standards Act, which of the following pay bases may be used to pay covered, nonexempt employees who earn, on average, the minimum hourly wage?
though the Fair Labor Standards Act requires that employees be paid at least the equivalent of the minimum hourly wage, the basis on which it is to be paid may be piecemeal or on some other basis such as hourly, weekly, or monthly.
