An Employee Receives an Hourly Rate of $27, with Time

question 131

Multiple Choice

An employee receives an hourly rate of $27, with time and a half for all hours worked in excess of 40 during a week.Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; social security tax rate, 6.0% on maximum of $106,800; and Medicare tax rate, 1.5% on all earnings.What is the net pay for the employee?

• A) $798.85
• B) $873.77
• C) $953.16
• D) $1,223.77

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Definitions:

Plaintiff

The party who initiates a lawsuit by filing a complaint against the defendant in a court of law.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties reach a mutually agreeable solution.

Early Neutral Case Evaluation

A process in which parties to a dispute receive an assessment of their case by an impartial expert early in the litigation process.

Dispute Resolution

A process or methods used to resolve conflicts or disputes between parties, including negotiation, mediation, arbitration, or legal proceedings.