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:

Tennis Player

An individual who actively participates in the sport of tennis, either professionally or as an amateur.

Independent

A term describing a variable that is not affected by the change in another variable in an experiment or study.

Defective Pens

Pens that fail to meet the quality standards due to manufacturing defects, resulting in malfunction or unsatisfactory performance.

Independent

Not influenced by or connected to others; in statistics, refers to variables that do not affect each other.