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

question 101

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 gross pay for the employee?

• A) $798.85
• B) $873.77
• C) $1,242.00
• D) $1,323.00

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Definitions:

Percentile

A statistical value that indicates the relative position of a number in a dataset, showing what percentage of the data lies below that value.

Test Norms

Statistical standards that allow the comparison of scores on a test to a larger, well-defined population.

Derived Score

A statistical measure calculated from raw data, often used to compare individual performance to a normative group.

40th Percentile

A statistical measure indicating that 40 percent of the population falls below a particular value or performance level, commonly used to assess and compare individual scores or characteristics.