Which of the following statements about the minimum wage is accurate?

Question

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Commissioned sales employees are exempt from minimum wage requirements, as they earn their income from commissions on the sales they make, rather than receiving a set hourly wage. The other statements are incorrect. While the minimum wage is intended to prevent workers from living in poverty, it does not guarantee a living wage, as the level of the minimum wage varies by jurisdiction and may not meet the cost of living in some areas. COLA adjustments to the minimum wage are not automatic and require legislation or administrative action. While the federal government sets a minimum wage, individual states and localities may set their own minimum wage levels that are higher than the federal minimum.

Which of the Following Statements About the Minimum Wage Is