Answer:
Indirect tax
Explanation:
Indirect tax are the types of tax that are collected by intermediaries or agents for the person that directly bears the burden on behalf of the government , and eventually remitted to the respective government account.
They are always charged and added to the price of a commodity under a relevant section on the invoice. In this category are sales tax excise tax, service tax and others
Answer:
a rate not less than one and one-half times the employee's regular rate of pay.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
The Fair Labor Standards Act is a labor law of the United States of America that was authored by Ellen C. Kearns. This labor law is applicable to all employees working in the private sector, local, state and federal government agencies or civil service. It was first published in 1938 and has since then be amended on several occasions.
All of the following were addressed by the Fair Labor Standards Act (FLSA):
I. Minimum wage.
II. Restrictions on child labor.
III. Overtime pay.
An overtime pay can be defined as an amount of money that is earned by an employee for working extra hours above the normal work period or working hours.
Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that shouldn't be less than one and one-half times the regular rate of pay being received by an employee.
Answer:
The mayor thinks demand is inelastic, and the city manager thinks demand is elastic.
Explanation:
- Inelastic demand is when there is no noticeable change in product demand as the price of the product changes drastically. This type of environment is seen when there are no good substitute for the product.
- Elastic demand is when a slight change in product price changes the market demand for the product. This occurs when there are substitutes.
- Here, the mayor thinks there is inelastic demand and the city manager thinks the demand is elastic.
