Exam (elaborations)
FPC - 2023 (1).
- Course
- FPC Chapter 2.2 & 2.3
- Institution
- FPC Chapter 2.2 & 2.3
Exam of 2 pages for the course FPC Chapter 2.2 & 2.3 at FPC Chapter 2.2 & 2.3 (FPC - 2023 (1).)
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FPC - 2023An employee works from midnight to 8:00 a.m. on a company-paid holiday but does not work
more than 40 hours during the workweek. Under the FSLA, the employee must be paid: -
ANS-At least the federal minimum wage for all hours worked
The white-collar exemption categories include (Hint: Think CAPES) - ANS-Computer-related
occupations, administrative, professionals, executives, outside sales
What is the minimum amount an employee can make to be considered a highly-compensated
employee? - ANS-$107,432
Are discretionary bonuses included in the regular rate of pay? - ANS-No
Are non-discretionary bonuses included in a non-exempt employee's overtime pay calculation? -
ANS-Yes
What is the regular rate of pay calculation? - ANS-RRoP = Total Regular Pay / Hours Worked in
the Workweek
Name at least 5 typed of payments included in RRoP calculations... - ANS-Commission, shift
differential, hazardous pay, non-discretionary bonus, deferred commission payments, retroactive
pay, non-cash payments, supplemental disability payments, on-call payments, waiting time
What kind of payment is paid for services performed, not tied to a contract or other agreement,
and is optional? - ANS-Discretionary Bonus
What kind of payment is paid as an incentive for performance, tied to a contract or other
agreement, and may need to be allocated over multiple work weeks? - ANS-Non-discretionary
bonus
Name at least five types of hours worked... - ANS-On-call, waiting time, rest and meal periods,
sleeping time, training/seminar/conference, travel time, remedial education,
pre-liminary/post-liminary activities
The Department of Labor allows employers to round an employee's time worked to the nearest
_______, _______, _________. - ANS-5 minutes / tenth of an hour / quarter of an hour
Name at least five cafeteria/section 125 plans and how are they taxed? - ANS-Pre-tax; accident,
vision, medical care FSA, HSA, whole/life insurance, medical, adoption assistance, dependent
care FSA, short-term disability, accidental death, qualified 401(k) plans, dental, long-term care
FSA, long-term disability, group-term life insurance
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