Wage and Hour Laws (Currently Unavailable)

Author: Colleen Neuharth McClain

CPE Credit:  8 hours for CPAs

This course provides an overview of the wage and hour laws as mandated by the U.S. Department of Labor under the Fair Labor Standards Act. Wage and hour laws have been in place for some time now; however, changes to existing laws and new laws do come about. The most recent significant change to the Fair Labor Standards Act went into effect August 23, 2004 and is defined by the Department of Labor as the "FairPay rules." This law guarantees overtime protection to salaried employees earning less than $23,660 per year - or $455 per week - thereby strengthening overtime rights for millions of American workers who were previously denied overtime under the old rules.

Publication Date: February 2011

Number of Pages: 126

Designed For
Accountants, HR Managers, or any tax professional.

Topics Covered

  • The U.S. Department of Labor Wage and Hour Laws
  • Wage and Hour Laws Employee Exemptions Duties Test
  • Wage and Hour Laws Employee Exemptions Salary Tests
  • Summary of Major Laws of the Department of Labor
  • Fairpay Fact Sheet by Exemption Under the Fair Labor Standards (FLSA)

Learning Objectives

  • Describe the purpose and of the U.S. Department of Labor and give a brief history of the various acts initiated by the Department.
  • Recognize the terms commonly used by the Department of Labor.
  • Identify the specifics about the Fair Labor Standards Act including its limitations and scope of coverage.
  • Identify the specifics regarding basic payroll laws.
  • Describe the Wage and Hour Division enforcement procedures for both unfair labor practices and collection of back pay.
  • Describe the general guidelines for determining an employee's exempt verses nonexempt status as an executive, administrative, professional, outside sales, or computer employee.
  • List specific details regarding which occupations do or do not generally qualify for exemption from the wage, hour, and overtime requirements.
  • Recognize the definitions clarifying terms used in the exemption regulations.
  • List the requirements regarding an employees exempt verses nonexempt status based upon the duties tests as applied to modern day job duties and occupations.
  • List the Department of Labor's requirements for minimum salary levels for exempt executive, administrative, professional, outside sales, and computer employees.
  • List the rules that define what qualifies as a salary or fee basis paid employee.
  • Recognize the laws regarding what constitutes total compensation and what are the allowable deductions from a salary basis paid employee's paycheck.
  • Recognize the differences between the old wage and hour laws for exemptions and the "FairPay rules" that went into effect on August 23, 2004.

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Business Management & Organization (8 hours)

Program Prerequisites
None

Advance Preparation
None

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