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

question 2

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, 48; federal income tax withheld, $120; 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) $568.74
• B) $601.50
• C) $660.00
• D) $574.90

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Definitions:

Concrete Operations

Concrete operations is a stage in Piaget's theory of cognitive development, occurring from ages 7 to 11, where children gain the ability to think logically about concrete events.

Egocentrism

A cognitive behavior where individuals have difficulty seeing situations from perspectives other than their own.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a dismissive or derogatory attitude towards other cultures.

Self-Definitions

How individuals describe, understand, and perceive themselves, reflecting aspects of their identity and personality.