Which term refers to a federal law that sets minimum wage, overtime pay, equal pay, record-keeping, and child-labor standards for covered employees?

• A. FMLA
• B. Exempt employee
• C. FLSA
• D. Floater

Answer: (C)

The important idea here is wage-and-hour regulation at the federal level. A federal law that establishes the minimum wage, overtime pay, equal pay, record-keeping, and child-labor standards for covered employees is the Fair Labor Standards Act. This act applies to most workers and sets the baseline rules for pay and hours, including requiring overtime for hours worked over 40 in a week and keeping certain payroll records. It also includes provisions that address child labor restrictions and, through the Equal Pay Act component, pay equity between sexes.

So, this is the overarching wage-and-hour statute that governs pay and hours for many employees, with some exemptions. By contrast, the other topics relate to different areas: leave rights under a separate act, or classifications that determine overtime eligibility, or a type of staffing role rather than a statute.