An Employee Receives an Hourly Rate of $30, with Time

question 106

Multiple Choice

An employee receives an hourly rate of $30, 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, $300; cumulative earnings for year prior to current week, $90,700; 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) $1,470
• B) $1,059.75
• C) $1,381.80
• D) $1,249.50

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Definitions:

Genetic Epistemology

A theory proposed by Jean Piaget that combines the study of genetics with the understanding of knowledge acquisition, focusing on how humans come to understand and know the world.

Discontinuous Process

Developmental changes that occur in distinct stages, each of which is qualitatively different from the others.

Adolescence

The transitional stage from childhood to adulthood that encompasses physical, psychological, and social changes.

Puberty

The stage of adolescence when an individual undergoes physical changes leading to sexual maturity and the ability to reproduce.