An Employee Has Gross Earnings of $1,000 with Withholdings of 6.2

question 115

Multiple Choice

An employee has gross earnings of $1,000 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)$863.50
• D)$791.15

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Definitions:

Intuitive Thought

Intuitive thought is a type of thinking that relies on instinct and feelings rather than analytical reasoning, often occurring automatically or subconsciously.

Centration

The tendency of children in Piaget's preoperational stage to focus on one aspect of a situation while neglecting others.

Intuitive Thought

A cognitive process that involves making decisions or solving problems based on instincts, feelings, or immediate perceptions rather than conscious reasoning.

Egocentric Thought

Thinking that does not take into account the viewpoints of others.