Year Raise Starting Salary Ending Salary Absolute Difference in $ from prior year Relative increase from 2012 in % 2012 1% 65,000      NA 2013 2%        NA 2014 3%        NA 2015 3%        NA 2016 3%        NA 2017 2%         Total 14% NA NA    NA   b.  How does the firefighters' final pay in 2017 compare to their pay in 2012? c.  What is the inflation adjusted value of their 2012 salary in 2017? d.  How are the firefighters' doing?

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Q: Clark Kent Co. approved a prior service obligation of $108,000 on January 1, 2020, which granted…

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A:

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Financial and legal aspects of employment

Federal and state legislation, regulation of all labor laws, and government-imposed employment law all contribute to a legal environment. Employment law governs the relationship between employer and employee. Labor laws govern the relationship between employee groups such as labor unions and their employers. Many employment laws have been enacted by the government to protect the financial rights and interests of employees. To protect an individual's employment, the United States Department of Labor has enacted 180 worker protection laws. It also covers financial and workplace safety laws such as minimum wage requirements, parental leave benefits, paid leave benefits, social security, and discrimination.