Employment and Public Contracts Act

b. Wages paid by an automobile manufacturer to employees who test-drive completed automobiles. Direct Labor

Life is a struggle and finding a job and paying your bills is not always easy in this world today. A major debate that has been an issue is whether there should be a law to raise the minimum wage. The minimum wage is the lowest hourly salary an employer can pay an employee for their work. According to Williams (2013), “The minimum wage was signed into law by President Franklin Roosevelt in 1938”. The first minimum wage was 25 cents per hour. Since then, the minimum wage has been increasing as the last increase of Florida's minimum wage was an increase of 14 cents on Jan. 1, 2014. This federal increase makes it 68 cents higher than the federal minimum wage of $7.25. Gibson (2014) states “Obama, who last year called for an increase in the

Concerning the wage rate, the United States government has intervened to maintain a lower limit on the hourly wage rate of a worker’s labor by implementing a price floor known as the minimum wage rate. This legal floor on the market price of labor sets a minimum hourly pay rate for workers in the United States. Effective July 24, 2009 the federal minimum wage rate is $7.25; in states that also have minimum wage laws the employee may be subject to both federal and state minimum wage laws, in which case they are entitled to the higher minimum wage rate (U.S. Department of Labor Wage and Hour Division, 2011). Since the Fair Labor Standards Act (FLSA) was created in 1938 the federal minimum wage rate has gradually increased from $0.25 in 1938 to $7.25 present (U.S. Department of Labor Wage and Hour Division, 2011). Although continuing to increase the minimum wage rate may include potential positive factors, it would hinder the U.S. economy overall.

In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as “a floor below wages,” to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement their living expenses. Since 1938, there have been many additional policies to the Fair Labor Standards Act that have changed many things, such as increasing the national minimum wage numerous times to the currently salary level, which was set in 1997. The Fair Minimum Wage Act of 2007 was a policy to change the federal minimum wage from $5.15 to $7.25 in three additions, which began in July of 2009. (http://www.dol.gov/whd/regs/compliance/posters/minwagebwp.pdf)

Accounting systems are important to the operation of a business. They system helps organize a lot of information that helps owners make necessary decisions regarding their companies. It also helps keep up with purchases and sales and other things such as stocks. The system helps make sure that a business can afford certain items. Keeping good records is a mandatory requirement of a successful business. If the records are off by a lot, or even a little, it can change the whole look of the business in regard to taxes, investors, and many other important aspects of business.

The current legislation for welfare is the Ontario Works Act, 1997. There are two systems

3. The payroll clerk should collect the approve time cards at the end of the week. All time cards should be accounted for and any missing cards investigated.

“The Livable Wage Act of 1995 proposed a $5.50 an hour minimum wage starting in 1996 and indexing the minimum wage to the cost of living in 1997 and thereafter” (William, 2). The national cost of

Labor unions protect our rights as a person in the work force. The Labor Union Act was much needed during the Great Depression because it gave people a voice when they were afraid to speak their thoughts; in fear of being fired, they kept quiet. Once the act was legal, the employers began to become furious because they had to make sure that their employees were treated well, this costed them more money. Many employers were against this act because they were expected to make sure that the work environment was up to par, and the reasons for firing someone has to be justified with evidence. The National Labor Relations Act was successful because it helped decrease labor strikes and raised wages; however, it failed to establish a permanent culture of labor relations in today’s society.

In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as “a floor below wages,” to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement their living expenses. Since 1938, there have been many additional policies to the Fair Labor Standards Act that have changed many things, such as increasing the national minimum wage numerous times to the currently salary level, which was set in 1997. The Fair Minimum Wage Act of 2007, from the United States Department of Labor Wage and Hour Division, was a policy to change the federal minimum wage from $5.15 to $7.25 in three additions, which began in July of 2009. (U.S., 2009).

Minimum wage introduced by the congress as the subdivision of the Fair Labor Standards Act (FLSA) in 1938. At that time, congress set the minimum wage at 25 cents an hour. According to Tricia Hussung, Business Analyst, in 1968, adjusted for inflation, the federal minimum wage

The reading course material required for this class, and the information reviewed throughout the course are the foundation for the content of this Guide. Each of the five key compensation processes will be reviewed in the context of:

and prepare the journal entry for the current tax liability in each of the following four cases.

In 1938, President Roosevelt signed the Fair Labor Standards Act also known as FLSA. This act shielded workers in the United States from being misused and introduced the first federal minimum wage: 25 cents per hour. Since FLSA was created, every few years, Congress revise it to account for inflation. Currently, in the United States, the federal minimum wage is $7.25 per hour. Millions of people in the United States are either living in poverty or debt. Some of these people also have families to take care of and living on the minimum wage is not enough. People argue that raising the minimum wage would hurt businesses, force companies to close, and create competition for jobs. Despite this, it is necessary for the federal minimum wage to increase to boost the economy and help millions of individuals struggling in poverty.

There are a number of production methods in accounting and different systems that Target Company can use. The accounting system -managerial accounting is mainly used for internal purposes. Here are some