MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Federal law requires employers to pay a minimum wage.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Every employer is responsible for the payment to the persons employed by him are required to pay wages under this Act: Wages provided in case of persons employed other than contract works in factories by a person who has been named as the manager of the factory under section 7 of the Factories Act.

Detailed explanation-2: -Although the federal minimum wage of $7.25 has not budged since 2009, nearly half of the country increased their minimum wages for hourly workers after January 1, 2022 to compensate their employees, and more than twenty will provide additional increases going into 2023.

Detailed explanation-3: -India introduced the Minimum Wages Act in 1948, giving both the Central government and State government jurisdiction in fixing wages. The act is legally non-binding, but statutory. Payment of wages below the minimum wage rate amounts to forced labour.

There is 1 question to complete.