Question 1

The employer will match the employee's Social Security and Medicare contribution.

Accepted Answer

A) True 
 B)False

Question 2

Jim Dashinger is a salesman who receives a $100 draw per week. He receives a 12 1/2% commission on all sales. Sales for Jim for the month were $28,000. What did Jim receive after taking the draw into consideration? (Assume a five-week month.)

Accepted Answer

(.125 × $2

Question 3

Match the following terms with their definitions.
-Override

Accepted Answer

A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record 
A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record

Question 4

Net pay - deductions = gross pay.

Accepted Answer

A) True 
 B)False

Question 5

The Federal Insurance Contributions Act funds the federal income tax program.

Accepted Answer

A) True 
 B)False

Question 6

John Rose, owner of Rose Corporation, has three employees who earn $500, $600, and $700, respectively. After 12 weeks how much has John contributed for state and federal unemployment? Assume a state rate of 5.4% and a federal rate of .6%.

Accepted Answer

Worker 1 pay: 12 × $500 = $6,000; Worker

Question 7

Exempt wages means not taxable wages.

Accepted Answer

A) True 
 B)False

Question 8

The taxable earnings column of a payroll register records:

Accepted Answer

A) What wages will be taxed 
B) The actual tax 
C) The estimated tax 
D) All of these 
E) None of these 
A) What wages will be taxed 
B) The actual tax 
C) The estimated tax 
D) All of these 
E) None of these

Question 9

Match the following terms with their definitions.
-Net pay

Accepted Answer

A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record 
A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record

Question 10

David is paid on a graduated commission scale at Nooter Company. He receives 2% commission on the first $20,000, 6% on sales from $20,000 to $70,000, 8.5% commission on sales from $70,000 to $100,000, and 10% commission on sales over $100,000. David had sales of $82,000. His commission is:

Accepted Answer

A) $8,200 
B) $6,200 
C) $4,240 
D) $4,420 
E) None of these 
A) $8,200 
B) $6,200 
C) $4,240 
D) $4,420 
E) None of these

Question 11

Jenny earns $700 per week, plus 6% of sales in excess of $5,700. If Jenny sold $15,791 last week, what were her weekly earnings?

Accepted Answer

($15,791 - $5,700 =

Question 12

Match the following terms with their definitions.
-FUTA

Accepted Answer

A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record 
A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record

Question 13

Match the following terms with their definitions.
-FIT

Accepted Answer

A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record 
A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record

Question 14

Lee Wong is a sales clerk at Sears. She is paid $8.00 per hour plus a commission of 4% on all sales. Assuming Lee works 39 hours and has sales of $4,000, her gross pay is:

Accepted Answer

A) $312 
B) $321 
C) $472 
D) $427 
E) None of these 
A) $312 
B) $321 
C) $472 
D) $427 
E) None of these

Question 15

Match the following terms with their definitions.
-Payroll register

Accepted Answer

A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record 
A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record

Question 16

Employers usually pay employees:

Accepted Answer

A) Weekly 
B) Biweekly 
C) Semimonthly 
D) Monthly 
E) All of these 
A) Weekly 
B) Biweekly 
C) Semimonthly 
D) Monthly 
E) All of these

Question 17

Match the following terms with their definitions.
-Weekly

Accepted Answer

A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record 
A) May be used in calculating Social Security and Medicare 
B) Pay rate based on schedule of units completed 
C) Income tax 
D) Minimum wage standard 
E) Alternative method to percentage method
F)52 times a year
G)Aids in determining amount of FIT withheld
H)26 times a year
I)Method to calculate FIT
J)24 times a year
K)Different levels result in different commission scales
L)Wages subject to tax
M)Commission to manager
N)Broken down into Social Security and Medicare
O)Wages before deductions
P)Gross pay minus deductions
Q)Aids unemployment program
R)Wages based on percent of the value of goods sold
S)Affected by company's employment record

Question 18

The taxable earnings column of a payroll register shows the actual tax.

Accepted Answer

A) True 
 B)False

Question 19

Rolf Company pays its employees on a graduated commission scale: 1% on the first $25,000 sales, 3% on sales from $25,001 to $95,000, and 5% on sales greater than $95,000. If John Jones, an employee of Rolf, had sales of $100,000, what commission did John earn?

Accepted Answer

(.01 × 25,000)+ (.03

Question 20

Mike Goldsmith is paid $16.40 per hour. Last week he worked 40 hours, and this week 60 hours. Calculate Mike's pay for each week (time and a half over 40 hours):

Accepted Answer

Last week: 40 × 16.4

Exam 9: Payroll

The employer will match the employee's Social Security and Medicare contribution.

Jim Dashinger is a salesman who receives a $100 draw per week. He receives a 12 1/2% commission on all sales. Sales for Jim for the month were $28,000. What did Jim receive after taking the draw into consideration? (Assume a five-week month.)

Match the following terms with their definitions. -Override

Net pay - deductions = gross pay.

The Federal Insurance Contributions Act funds the federal income tax program.

John Rose, owner of Rose Corporation, has three employees who earn $500, $600, and $700, respectively. After 12 weeks how much has John contributed for state and federal unemployment? Assume a state rate of 5.4% and a federal rate of .6%.

Exempt wages means not taxable wages.

The taxable earnings column of a payroll register records:

Match the following terms with their definitions. -Net pay

David is paid on a graduated commission scale at Nooter Company. He receives 2% commission on the first $20,000, 6% on sales from $20,000 to $70,000, 8.5% commission on sales from $70,000 to $100,000, and 10% commission on sales over $100,000. David had sales of $82,000. His commission is:

Jenny earns $700 per week, plus 6% of sales in excess of $5,700. If Jenny sold $15,791 last week, what were her weekly earnings?

Match the following terms with their definitions. -FUTA

Match the following terms with their definitions. -FIT

Lee Wong is a sales clerk at Sears. She is paid $8.00 per hour plus a commission of 4% on all sales. Assuming Lee works 39 hours and has sales of $4,000, her gross pay is:

Match the following terms with their definitions. -Payroll register

Employers usually pay employees:

Match the following terms with their definitions. -Weekly

The taxable earnings column of a payroll register shows the actual tax.

Rolf Company pays its employees on a graduated commission scale: 1% on the first $25,000 sales, 3% on sales from $25,001 to $95,000, and 5% on sales greater than $95,000. If John Jones, an employee of Rolf, had sales of $100,000, what commission did John earn?

Mike Goldsmith is paid $16.40 per hour. Last week he worked 40 hours, and this week 60 hours. Calculate Mike's pay for each week (time and a half over 40 hours):

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