An Employee Receives an Hourly Rate of $25, with Time

question 89

Multiple Choice

An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46 federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; social security tax rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid the employee?

• A) $875.00
• B) $838.62
• C) $857.00
• D) $1,133.14

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behaviors.

Self-Serving Bias

The common tendency to attribute one’s successes to personal characteristics and failures to external factors.

Shock Machine

Often associated with psychological experiments, it refers to a device used to deliver an electric shock to a subject, typically used in studies on obedience, learning, and punishment.