Compensation & Benefits: Laws & Regulations


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question 1 of 3

An employee's _____ is the amount of money he receives in exchange for performing his job.

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1. What is the significance of the Fair Labor Standards Act?

2. Carrie was recently promoted to a manager-level position at her company. She will no longer be paid an hourly rate or be eligible to work overtime. She is now a/an _____ employee.

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About This Quiz & Worksheet

Look through the quiz/worksheet combo to assess your understanding of compensation and benefits. For the quiz, you need to be familiar with different employee benefits and laws regarding compensation.

Quiz & Worksheet Goals

Using these tools, you can check your knowledge of:

  • An example of a required benefit
  • What a non-required benefit looks like
  • Term for the amount of money an employee receives from an employer for doing his job
  • Something that sets the Federal minimum wage
  • Two types of employee benefits

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on compensation and benefit regulations
  • Interpreting information - verify that you can read information about the two types of employee benefits and interpret them correctly
  • Knowledge application - use your knowledge to answer questions about examples of required and non-required benefits

Additional Learning

Go over more details about these regulations with the lesson named Compensation & Benefits: Laws & Regulations. Using this lesson gives you the chance to cover these additional topics:

  • Examples of compensation
  • The types of required benefits
  • How required benefits differ from non-required benefits