FLSA and Payroll Section 2 Quiz Flashcards

Vocabulary-style flashcards covering key terms, definitions, and legal concepts from the Section 2 Quiz transcript on FLSA regulations and payroll.

Jury Duty Pay Deduction

Under the provisions of the FLSA, it is legal to deduct jury duty pay from the salary of an exempt employee if they receive payment from the court, provided the employer only subtracts the amount received from the court.

FLSA Workweek

Defined as any $7$ consecutive $24$ hour periods; it does not necessarily have to follow a calendar week or begin at the start of a day.

Engaged to be waiting

Time spent on an employer’s premises that is usually short and insufficient for the employee to use for their own purpose, and therefore should be compensated as work time.

Mom & Pop shops

A general exception to the FLSA coverage, referring to small businesses that are not typically engaged in interstate commerce or meeting specific gross sales thresholds.

Regular Rate of Pay exclusions

A classification that includes items such as discretionary bonuses, while excluding items like shift premiums, retroactive pay, and production bonuses from the calculation of the base rate.

Fluctuating workweek

A specific method of calculating compensation for nonexempt employees whose hours vary from week to week while receiving a fixed salary.

FLSA (Fair Labor Standards Act) Scope

Federal law that regulates minimum wage, mandates equal pay for equal work, and regulates overtime rates, but does not regulate pay frequency.

FLSA Non-coverage

The law does not mandate or regulate benefits such as vacations, holidays, or lunch breaks, though it does cover overtime.

Computer-related professional exemption

A specific category of professional employees exempt from FLSA if they earn more than a certain threshold, such as $27.63$ per hour.

Managerial Duties

Tasks defined by the Wage and Hour Division of the DOL that include directing work, resolving employee complaints, and deciding what tools, supplies, or materials to use.

Federal Minimum Wage

The legal minimum hourly compensation for covered employees, stated as $7.25$.

Exempt Salary Thresholds

The minimum pay levels required for exemption, where an executive making $900$ per week or a professional making $700$ per week qualifies, but an administrative employee making $350$ per week generally does not.

Nonexempt Employee Examples

Positions like a shipping clerk earning $300$ a week or a computer programmer receiving a monthly salary without meeting specific exemption criteria.

Annual Gross Sales Threshold

A coverage criterion for businesses under the FLSA, specifically those with annual gross sales of over $500,000$.