During the First Week of January,an Employee Works 46 Hours

question 91

Multiple Choice

During the first week of January,an employee works 46 hours.For this company,workers earn 150% of their regular rate for hours in excess of 40 per week.Her pay rate is $16 per hour,and her wages are subject to no deductions other than FICA Social Security,FICA Medicare,and federal income taxes.The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings.The current FUTA tax rate is 0.6%,and the SUTA tax rate is 5.4%.Both unemployment taxes are applied to the first $7,000 of an employee's pay.The employee has $80 in federal income taxes withheld.
-What is the amount of this employee's gross pay for the first week of January?

• A) $736
• B) $784
• C) $1,104
• D) $1,156
• E) $1,004

Understand the principles of systematic observation and its applications.

Identify the ethical considerations and challenges associated with participant and naturalistic observation.

Comprehend the role of observer objectivity and bias in observational research.

Understand the use and importance of coding systems in observational research.

---

Definitions:

Par Value

The nominal or face value of a stock or security at issuance, which may not reflect its actual market value.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and entitlement to dividends.

No-par Value

Refers to stocks issued without a nominal or face value, where the market value is determined by investor demand.

Legal Capital

The minimum amount of capital that a company must maintain as required by law, often to protect creditors.