An Employee Has Gross Earnings of $2,400 with Withholdings of 6.2

question 41

Multiple Choice

An employee has gross earnings of $2,400 with withholdings of 6.2% FICA-OASDI, 1.45 % FICA-Medicare, $100 for federal income tax and $40 for state income tax. How much is the gross pay? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest whole dollar.)

• A) $2,400
• B) $2,076
• C) $2,116
• D) $2,176

Understand how different transactions impact stockholders' equity.

Know the initial point of entry for accounting transactions.

Grasp the concept of the double-entry accounting system.

Understand how the process of journalizing differs from posting.

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Definitions:

Visual Analog Scale

A measurement instrument that assesses a characteristic or attitude that is believed to range across a continuum of values and cannot easily be directly measured.

Physically Restrained

The use of physical methods or devices to limit an individual's movement, often to prevent harm to themselves or others.

Delirium

An acute, often sudden confusion that can include alterations in consciousness, cognition, and perception, typically resulting from physical or mental illness.

Somatic Symptoms

Physical symptoms that are caused or exacerbated by mental factors such as stress and anxiety, without a clear physiological basis.