An Employee Has Gross Earnings of $1,200 with Withholdings of 6.2

question 37

Multiple Choice

An employee has gross earnings of $1,200 with withholdings of 6.2% FICA-OASDI,1.45% FICA-Medicare,$50 for federal income tax and $10 for state income tax.How much is the net pay?

• A)$900.00
• B)$781.15
• C)$1,048.20
• D)$791.15

Identify and describe the qualities of effective supervision.

Analyze the impact of civility on workplace behavior and culture.

Differentiate between various communication concepts including proxemics and paralanguage.

Understand the effects of communicative diseases on personal well-being and relationships.

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Definitions:

Self-correction

The adjustment process by which economic variables return to their long-run equilibrium without government intervention, often seen in business cycle contexts.

Nominal Wages

The amount of money paid to workers before adjustments for inflation, representing the face value of compensation received.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned from work.

Recessionary Gap

A scenario in which the actual GDP of an economy falls short of its potential GDP, showing that resources are not being fully utilized.