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Anarel [89]
3 years ago
15

Rennie Norquist is a recent law school graduate. She is employed at Dillard Dobbs Dooley & Duncan, LLP, a 200 lawyer firm. R

ennie is well paid at $98,000 per year. However, she thinks she should be paid overtime for all the hours she works because she spends over 70 hours a week researching the law and writing legal memoranda. Which of the following is a correct statement?
a. Rennie is eligible for overtime under the new FLSA regulations because she makes less than $100,000 per year.
b. Rennie is not eligible for overtime under the new FLSA regulations because, as a professional worker, she is exempt from overtime regulations.
c. Rennie is entitled to overtime because, as a recent graduate, she is in training.
d. None of the above choices is correct.
Business
1 answer:
Sindrei [870]3 years ago
3 0

Answer:

b. Rennie is not eligible for overtime under the new FLSA regulations because, as a professional worker, she is exempt from overtime regulations.

Explanation:

According to the Fair Labor Standards Act (FLSA) certain employees are exempt from overtime regulations:

  1. executives (top management and board of directors)
  2. professionals: Rennie falls under this category because she already graduated from law school.
  3. administrative
  4. computer
  5. external sales

Anyone that falls under any of these categories, is exempt from overtime pay and other FLSA regulations.

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Eldrick bought a certificate that allows him to apply for a tax deed after a certain period. what did eldrick purchase?
AnnyKZ [126]
The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
The purchaser will obtain the right of the taxation account for the specific property and the tpayment will be transferred to the purchaser in the future
7 0
3 years ago
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc
Anna [14]

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

T<u>o calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price​= 1,324.21 + 469.41

Bond price= $1,793.62

3 0
3 years ago
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Vadim26 [7]

Answer:

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Explanation:

6 0
3 years ago
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Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions ab
Lorico [155]

Answer: B) Correct Incorrect

Explanation:

Whilst it was generally believed at some point that raising taxes and Government Spending by the same amount would have no effect, research has disproven this thought.

This is because it was shown that an increase in Government Spending leads to a larger increase in GDP than an increase in taxes reduces it.

This is because when the Government spends money, the Multiplier effect of Government Spending is always 1 more than that of the Taxes therefore raising taxes and spending by the same amounts still increases the Real GDP because Government Spending will create more income than taxes will take.

Necco is right, Packard is wrong.

8 0
3 years ago
Can you wear weave with a Jheri curl ?
ICE Princess25 [194]

Answer:

yes

Explanation:

yes sure you can weave with jheri curl

6 0
3 years ago
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