1. Legal Aspects of Business Taxes, Laws, and Acts

2. Federal Unemployment Tax Act Provides unemployment compensation for people who’ve lost their jobs Payroll tax Paid by employers on employee wages

3. Securities and Exchange Commission Regulates securities and protects investors

4. Federal Communications Commission Regulates radio, TV, wire, satellite communications Both within and out of the U.S.

5. Sherman Act Anti monopoly Eliminates merging of companies

6. Federal Trade Commission Protects against false advertisement and restricts unfair competition

7. Taxes Proportional, Regressive, Progressive Proportional-same percentage for all classes Regressive-higher income pay lower percentage taxes, lower income pays higher taxes Progressive- higher income pays higher taxes

8. Internal Revenue Service Tax collection and enforcement

9. Food & Drug Administration Regulates food and medication to assure safety

10. Age Discrimination Act in Employment Act Prohibits employee discrimination from ages 40-70

11. Licensing, Public Franchise, Building Codes, Zoning Licensing-permit to operate Public franchise-a right granted from the gov. to carry out specific commercial activities. Building codes-regulation for construction Zoning-regulates different types of land use for development

12. Social Security Act Deducts 6.2% from the employee and the employer each paycheck

13. Equal Employment Opportunity Commission Handles workplace discrimination

14. Types of Bankruptcy A legal proceeding that involves a person or business that is unable to pay outstanding debts Chapter 7-individuals Chapter 11- companies Chapter 13- need court approval and courts monitor your finances

15. State & Local Regulations Interstate & Intrastate Interstate-trade between states and outside of Intrastate- trade within the states

16. Types of Taxes Income, Sales, Excise, Property Income-largest annual source of income levied on personal income by the gov. Sales-tax on retail goods and services Excise- tax on specific goods (ex. Gas) Property- annual amount paid by the landowner to the local gov.

17. Environmental Protection Agency Protects humans and environmental health

18. Wheeler-Lea Act Prohibits false advertisements i.e. food, drugs, cosmetics

19. Fair Labor Standards Act Regulates minimum wage, working hours, child labor, overtime, working conditions

20. National Labor Relations Act Protects the rights of workers to form unions

21. Clayton Act Prohibits merger to lessen competition In addition to the Sherman anti-trust act

22. Robinson-Patman Act Prohibits anti-competitive practice by producers specifically price discrimination

23. Federal Aviation Administration Enforces air safety and traffic control Inspects and rates aircrafts and pilots

24. Americans with Disability Act Prohibits discrimination against people with disabilities and employment, transportation, public accommodations, communications

25. The Electronics Communications Privacy Act Restricts the government to tap into computer databases

26. Occupational Safety & Health Laws Health and safety regulations in the workplace

27. American Civil Liberties Union Organization of lawyers that defend the civil rights of U.S citizens

28. Right to Work States Can’t be forced to join a labor union