Question 1

Saira's weekly salary is $1,063.46. What would her gross salary be if it were on a semimonthly basis? (Round your answer to the nearest cent)

Accepted Answer

Saira's gross salary on a semimonthly basis would be $2,126.92. This is because there are 26 semimonthly periods in a year, so her annual salary would be $1,063.46 x 26 = $27,645.56. Her gross salary on a semimonthly basis would then be $27,645.56 / 12 = $2,126.92.

Question 2

Lee Lu is paid $12.50 per hour, with overtime pay of time-and-a-half for Saturday work and double time for Sunday. Calculate her gross pay if she worked 35 hours during the week, 5 hours Saturday and 3 hours Sunday. (Round your answer to the nearest cent)

Accepted Answer

Lee Lu's regular pay for 35 hours is 35 * $12.50 = $437.50. Overtime pay for Saturday (5 hours at time-and-a-half) is 5 * $12.50 * 1.5 = $93.75. Double time pay for Sunday (3 hours) is 3 * $12.50 * 2 = $75.00. Adding these amounts gives a total gross pay of $437.50 + $93.75 + $75.00 = $606.25.

Question 3

The ____________________ pay schedule requires that wages be paid every two weeks or twenty-six paychecks per year.

Accepted Answer

biweekly

Question 4

The ____________________ payroll tax has no annual maximum salary limit for the employee and the employer share.

Accepted Answer

The answer of The ____________________ payroll tax has no annual...

Question 5

A(n) ____________________ is a commission paid in advance of sales and later deducted from the commissions earned.

Accepted Answer

The answer of A(n) ____________________ is a commission paid in...

Question 6

Walt's monthly salary is $6,962.50. What would be his equivalent semimonthly salary?

Accepted Answer

To find the semimonthly salary, divide the monthly salary by 2. $6,962.50 / 2 = $3,481.25.

Question 7

Jessica has a job making baskets. Last week she made a total of 226 baskets. Calculate her gross pay if she is paid on the following differential piecework schedule: $$\begin{array} { l l l } 
\text { Pay Level } & \text { Items Produced } & \text { Rate } \
\hline 1 & 1 - 105 & \$ 7.10 \
2 & 106 - 255 & \$ 8.14 \
3 & \text { Over } 255 & \$ 9.78
\end{array}$$

Accepted Answer

The answer of Jessica has a job making baskets. Last...

Question 8

Rai's base pay rate is $9.00 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 6 holiday hours in addition to 39.5 hours Monday through Saturday. (Round your answer to the nearest cent)

Accepted Answer

Rai's regular pay for 39.5 hours is $9.00 * 39.5 = $355.50. Her holiday pay for 6 hours is $9.00 * 2 * 6 = $108.00. Adding these together gives $355.50 + $108.00 = $463.50.

Question 9

Frank's base pay rate is $15.50 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 6.5 holiday hours in addition to 38.5 hours Monday through Saturday. (Round your answer to the nearest cent)

Accepted Answer

Frank's regular pay for 38.5 hours is 38.5 * $15.50 = $596.75. Her holiday pay for 6.5 hours is 6.5 * ($15.50 * 2) = $201.50. Total gross pay is $596.75 + $201.50 = $798.25.

Question 10

Workers who manufacture shirts are sometimes paid based on the number of shirts they produce. Compute Lyle's gross pay if she made 380 shirts. The rate per shirt is given by the differential piecework schedule below: $$\begin{array} { l l l } 
\text { Pay Level } & \text { Items Produced } & \text { Rate per Item } \
\hline 1 & 1 - 187 & \$ 7.35 \
2 & \text { Over } 187 & \$ 8.37
\end{array}$$

Accepted Answer

Lyle's gross pay is calculated by adding the pay for the first 187 shirts at $7.35 each to the pay for the remaining 193 shirts (380 - 187) at $8.37 each. This results in $(187 * 7.35) + (193 * 8.37) = $1,374.45 + $1,615.41 = $2,989.86.

Question 11

The term ____________________ earnings means the total amount of earnings due an employee for work performed before payroll deductions are withheld.

Accepted Answer

The answer of The term ____________________ earnings means the total...

Question 12

____________________ is a method of compensation primarily used to pay employees who sell a company's goods or services.

Accepted Answer

The answer of ____________________ is a method of compensation primarily...

Question 13

The ____________________ payroll tax that is also known as the ____________________ tax has an annual maximum salary limit for both the employee and employer shares.

Accepted Answer

The answer of The ____________________ payroll tax that is also...

Question 14

FUTA is a federal tax that is paid by employers for each employee to provide ____________________ compensation to workers who have lost their jobs.

Accepted Answer

The answer of FUTA is a federal tax that is...

Question 15

____________________ are earnings for routine or manual work, usually based on the number of hours worked.

Accepted Answer

The answer of ____________________ are earnings for routine or manual...

Question 16

Wind Song is paid $15.50 per hour, with overtime pay of time-and-a-half for Saturday work and double time for Sunday. Calculate her gross pay if she worked 38 hours during the week (Monday through Friday) and 8 hours Sunday. (Round your answer to the nearest cent)

Accepted Answer

Wind Song's gross pay is calculated as follows:  - Regular pay for 38 hours: 38 hours * $15.50 = $589.00  - Sunday pay (double time for 8 hours): 8 hours * $15.50 * 2 = $248.00  Total gross pay = $589.00 + $248.00 = $837.00

Question 17

A(n) ____________________ is a fixed gross amount of pay, equally distributed over periodic payments, without regard to the number of hours worked.

Accepted Answer

The answer of A(n) ____________________ is a fixed gross amount...

Question 18

Kate's base pay rate is $12.50 per hour, with overtime paid at time-and-a-half. Find her gross pay if she worked 45.5 hours Monday through Saturday. (Round your answer to the nearest cent)

Accepted Answer

Kate's regular pay for 40 hours is $12.50 * 40 = $500. Her overtime pay for 5.5 hours at time-and-a-half (1.5 * $12.50) is $93.75. Adding both gives her gross pay: $500 + $93.75 = $593.75.

Question 19

A(n) ____________________ pay rate schedule is based on production output.

Accepted Answer

The answer of A(n) ____________________ pay rate schedule is based...

Question 20

Workers who manufacture belts are sometimes paid based on the number of belts they produce. Compute Ada's gross pay if she made 754 belts. The rate per belt is given by the differential piecework schedule below: $$\begin{array} { l l l } 
\text { Pay Level } & \text { Items Produced } & \text { Rate per Item } \
\hline 1 & 1 - 240 & \$ 4.20 \
2 & \text { Over } 240 & \$ 5.13
\end{array}$$

Accepted Answer

Ada's gross pay is calculated by applying the rate for each pay level: For the first 240 belts, she earns 240 * $4.20 = $1,008. For the remaining 514 belts (754 - 240), she earns 514 * $5.13 = $2,636.82. The total gross pay is $1,008 + $2,636.82 = $3,644.82.

Quiz 9: Payroll