Question :
81. Which statement below not a determinate in calculating the amount : 1251343
81. Which statement below is not a determinate in calculating the amount of federal income taxes withheld from an individuals pay?
A. filing status
B. types of earnings
C. gross pay
D. number of exemptions
82. Which of the following would be used to compute the federal income taxes to be withheld from an employee’s earnings?
A. FICA tax rate
B. wage and tax statement
C. FUTA tax rate
D. wage bracket and withholding table
83. Which of the following taxes would be deducted in determining an employee’s net pay?
A. FUTA taxes
B. SUTA taxes
C. FICA taxes
D. all of the above
84. For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?
A. only Social Security tax
B. only Medicare tax
C. only unemployment compensation tax
D. none of the above
85. Most employers are required to withhold from employees which of the following employment taxes?
A. FICA tax
B. FICA tax, state and federal unemployment compensation tax
C. only state unemployment compensation tax
D. only federal unemployment compensation tax
86. An employee receives an hourly rate of $40, 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 gross pay for the employee?
A. $775.00
B. $1,840.00
C. $1,960.00
D. $1,562.60
87. 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
88. Prior to the last weekly payroll period of the calendar year, the cumulative earnings of employees A and B are $99,350 and $91,000 respectively. Their earnings for the last completed payroll period of the year are $850 each. The amount of earnings subject to social security tax at 6% is $100,000. All earnings are subject to Medicare tax of 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer’s total FICA tax for this payroll period on the two salary amounts of $850 each?
A. $127.50
B. $115.50
C. $112.50
D. $0
89. The total earnings of an employee for a payroll period is referred to as
A. take-home pay
B. pay net of taxes
C. net pay
D. gross pay
90. 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
