Florida General Contractor Practice Exam

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According to the Fair Labor Standards Act (FLSA), sales and purchase records must be kept for how many years?

  1. 2

  2. 3

  3. 4

  4. 5

The correct answer is: 3

Under the Fair Labor Standards Act (FLSA), employers are required to maintain sales and purchase records for a period of three years. This duration is important as it allows for the proper tracing of payroll practices, ensuring compliance with minimum wage laws, overtime regulations, and child labor provisions. Keeping these records for three years supports employees in substantiating claims regarding wage disputes and enables regulatory bodies to audit practices effectively. Maintaining accurate documentation helps businesses remain accountable, fostering transparency in financial dealings while providing essential protections for workers.

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