Legal Considerations.111

Legal Considerations.111 - LEGAL CONSIDERATIONS Fair Labor...

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LEGAL CONSIDERATIONS
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Fair Labor Standards Act (1938) Minimum wage Overtime Equal pay (Equal Pay Act, 1963) Child labor Record-keeping
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Prevailing Wages (1931, 1936) Several laws covering different employers. Essentially mean that Government contractors must pay prevailing wages
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OASDI (Old Age, Survivors, and Disability Insurance) Originally provisions in 1935, several changes since then Social security Medicare Medicaid
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Unemployment Compensation and Workers’ Compensation State laws, not federal laws, govern specific rules Premiums generally determined by “experience rating” of employer Means that the more claims the employer has, the higher the employer’s premium for this insurance
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Prices Across States (a bit dated) AR TX FL SC Arm 28,600 34,200 42,350 66,300 Hand 21,400 25,700 37,100 49,800 Leg 24,493 34,200 42,350 58,800 Foot 17,818 21,400 37,100 42,188 One Eye 14,250 17,100 37,100 33,200 Hearing (one ear) 5,800 12,825 8,470 24,100 Hearing (both ears) 21,400 27,700 31,763 49,800
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Legal Considerations.111 - LEGAL CONSIDERATIONS Fair Labor...

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