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Question 1

Define Sherman Antitrust Act

Answer 1

The first US government action to limit monopolies and the oldest antitrust laws. The act has been interpreted to limit the use of wage surveys between two or more competitors as a form of salary fixing.

Question 2

Define Davis Bacon Act

Answer 2

Established the requirement for paying prevailing wages on public work jobs. Federally assisted construction over $2,000 must include provisions for paying workers on site no less than the locally prevailing wages and benefits paid on similar projects.

Question 3

Define Copeland Act and Anti-Kickback Law

Answer 3

Prohibits contractors or subcontractors from inducing employees from giving up any part of the compensation and requires contractors and subcontractors to submit weekly statements of compliance.

Question 4

What 5 areas are covered by the Fair Labor Standards Act (FLSA)

Answer 4

1. exempt status
2. overtime
3. minimum wage
4. child labor
5. record keeping

Question 5

What are the hours that 14 and 15 year old work?

Answer 5

During school year:
3 hrs. / day and 18 hrs. / week.
7 am to 7 pm

During the summer:
8 hrs. / day and 40 hrs. / week
7 am to 9 pm

Question 6

What is the employer penalty if you don’t provide health insurance to your employees?

Answer 6

$2,000 / employee

Question 7

How long can a dependent stay on a parent’s health insurance program?

Answer 7

26 years old

Question 8

What are the exempt status tests?

Answer 8

Executive Exemption
Administrative Exemption
Creative professional
Learned Professional
Computer Employee Professional
Outside Sales Exemption
Highly Compensated Employees