| A | B |
|---|
| What did the Fair Labor Standards Act do? | The act fixes a federal minimum wage for many workers and establishes times and a half pay for overtime. |
| What is collective bargaining? | Collective bargaining is when labor and management agree to mediation. It basically is different methods of settling a disagreement. |
| What is medication? | Mediation is the process of bringing in a neutral third person or persons to help settle a dispute. |
| What is arbitration? | Arbitration is a process in which both sides agree to place their differences before a third party and the third party's final decision will be accepted. |
| What are the differences between unskilled, semiskilled, skillled and professional laborers? | Unskilled laborers make some of the lowest wages. Semiskilled laborers require a minimum amount of training and skilled workers hold jobs that require experience and training. Professional workers require a high level of knowledge. |
| What is the glass ceiling? | It is an invisible barrier that obstructs their advancement up the corporate ladder for women. |
| What wore the provisions in the National Labor Relations Act? | It established the right of unions to collective bargaining. |
| Where does the authority to levy a federal income tax come from? | The Federal Government |
| What is a flat tax? | A flat tax is a proportional tax on individual income after a specified threshold has been reached. |
| Explain the difference among proportional, progressive, and regressive taxes. | A progressive tax is a tax that taxes a larger percentage of higher incomes and a smaller percentage for lower income. A regressive tax is tax that taxes more from larger incomes. A proportional tax is a tax that takes the same amount of income from all taxpayers. |
| What is FICA and what does it include? | The FICA is the Federal Insurance Contribution Act. It is a tax levied on both employees and employers to pay for social security and medicare. |
| Progressive tax | a tax that taxes a larger percentage of higher incomes and a smaller percentage for lower income |
| Regressive tax | ax that taxes more from larger incomes |
| Proportional tax | a tax that takes the same amount of income from all taxpayers |
| Unskilled laborers | make some of the lowest wages. |
| Semiskilled laborers | require a minimum amount of training |
| Skkilled workers | hold jobs that require experience and training |
| Professional workers | require a high level of knowledge. |
