Question : 35.An employee whose regular hourly rate $9 and whose overtime : 1220451

35.An employee whose regular hourly rate is $9 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee’s gross pay was  

A.$378.

B.$396.

C.$414.

D.$594.

$9 * 40 hours = $360.00$9 * 1.5 = $13.50 * 4 = $54 + $360.00 = $414.00

36.An employee whose regular hourly rate is $18 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee’s gross pay was  

A.$1,188.

B.$828.

C.$792.

D.$756.

$18 * 40 hours = $720.00$18 * 1.5 = $27.00 * 4 = $108 + $720.00 = $828.00

37.Which of the following is a factor in the determination of the amount of social security tax to withhold from an employee’s pay?  

A.hours worked during the pay period

B.marital status

C.withholding allowances claimed on Form W-4

D.gross wages

38.Michael Miller had total gross earnings as of 10/15 of $113,000. His gross earnings for the period ending 10/30 were $2,000. If social security taxes are 6.2% on a maximum earnings of $113,700 per year and Medicare tax is 1.45% on all earnings, how much social security tax will be paid by Michael and how much will be paid by his employer for the period ending 10/30?  

A.Michael will pay $43.40 and his employer is not required to pay any social security tax.

B.Michael will pay $43.40 and his employer will also pay $43.40.

C.Michael will pay $124 and his employer will also pay $124.

D.Michael will pay $124 and his employer is not required to pay any social security tax.

$113,700 – $113,000 = $700 ($700 * .062 = $43.40)

39.Assuming a Medicare tax rate of 1.45% and monthly gross wages of $2,500, the amount recorded in Medicare Tax Payable for one quarter for the employee’s payroll deduction is  

A.a debit for $36.25.

B.a credit for $36.25.

C.a debit for $108.75.

D.a credit for $108.75.

$2,500 * .0145 = $36.25 * 3 months = $108.75

40.Assuming a Medicare tax rate of 1.45% and monthly gross wages of $5,000, the amount recorded in Medicare Tax Payable for one quarter for the employee’s payroll deduction is  

A.a debit for $217.50.

B.a credit for $217.50.

C.a debit for $72.50.

D.a credit for $72.50.

$5,000 * .0045 = $72.50 * 3 months = $217.50

41.Publication 15, Circular E contains withholding information  

A.for social security and Medicare taxes only.

B.for federal income taxes only.

C.for social security, Medicare, and federal income tax taxes.

D.for federal and state income taxes.

42.Lisa Ramos has a regular hourly rate of $10.75. In a week when she worked 40 hours and had deductions of $55 for federal income tax, $26.75 for social security tax, and $6.25 for Medicare tax, her net pay was  

A.$430.

B.$342.

C.$375.

D.$397.

$10.75 * 40 hours = $430.00 – $55 – $26.75 – $6.25 = $342.00

43.Lacy Crawford has a regular hourly rate of $21.50. In a week when she worked 40 hours and had deductions of $110 for federal income tax, $53.50 for social security tax, and $12.50 for Medicare tax, her net pay was  

A.$860.

B.$684.

C.$750.

D.$794.

$21.50 * 40 hours = $860.00 – $110 – $53.50 – $12.50 = $684.00

44.Jason McCurdy has a regular hourly rate of $10.75. During a two week period, he worked 80 hours and had deductions of $110 for federal income tax, $53.50 for social security tax, and $12.50 for Medicare tax. His net pay was  

A.$860.

B.$684.

C.$750.

D.$794.

$10.75 * 80 hours = $860.00 – $110 – $53.50 – $12.50 = $684.00