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

question 67

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, 46; federal income tax withheld, $110; cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the net amount to be paid to the employee?

• A) $569.87
• B) $539.00
• C) $625.00
• D) $544.88

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Definitions:

Effective Managers

Managers who accomplish organizational goals, enhance productivity and satisfaction among team members through effective leadership, planning, communication, and problem-solving skills.

High Need

High need refers to an inner drive or requirement for a particular resource, condition, or outcome that is considered essential for an entity or individual's well-being or operational success.

Motivation Autonomous

The internal drive to undertake an activity for its inherent satisfaction or enjoyment, rather than due to external pressures or rewards.

Engaged in a Task

Being actively involved and committed to completing a specific job or duty.