['Wage and Hour']

['Fair Labor Standards Act (FLSA)']

05/18/2022

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779.260 Trade-in allowances.

...

779.260 Trade-in allowances.

RegSense Wage and Hour CFR Regulations Associate Benefits & Compensation Fair Labor Standards Act (FLSA)CFR Section Focus Area Human Resources

Where merchandise is taken in trade when a sale is made, the annual gross volume of sales or business will include the gross amount of the sale before deduction of the allowance on such trade-in merchandise. This is so even though an overallowance or excessive value is allowed on the trade-in merchandise. In turn, when the trade-in merchandise is sold the amount of the sale will be included in the annual gross volume.

['Wage and Hour']

['Fair Labor Standards Act (FLSA)']

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