An Employee Receives an Hourly Rate of $15,with Time and a Half

question 144

Multiple Choice

An employee receives an hourly rate of $15,with time and a half for all hours worked in excess of 40 during the week.Payroll data for the current week are as follows: hours worked,48; federal income tax withheld,$120; social security tax rate,6%; and Medicare tax rate,1.5%; state unemployment compensation tax,3.4% on the first $7,000; federal unemployment compensation tax,0.8% on the first $7,000.What is the net amount to be paid to the employee?

• A)$568.74
• B)$601.50
• C)$660.00
• D)$574.90

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Definitions:

Socialization

The process through which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society.

Collectivism And Individualism

A cultural dimension that describes the degree to which societies emphasize interdependence and cohesion versus autonomy and personal achievement.

Dietary Insufficiencies

Inadequate intake of nutrients and essential dietary components necessary for healthy living and body function.

Developed Countries

Nations with relatively high levels of economic development and standard of living, including advanced infrastructures and educational systems.