Question 1

Employers are required to pay for ________ insurance that will reimburse employees for losses suffered from job-related injuries.

Accepted Answer

The answer of Employers are required to pay for ________...

Question 2

During one week, three employees of the Pampered Pooch Pet Salon worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.
 $\begin{array}{|c|r|l|l|l|l|}
\hline \begin{array}{c}
\text { Empl oyee } \
\text { No. }
\end{array} & \begin{array}{c}
\text { Regular } \
\text { Hourly Rate }
\end{array} & \begin{array}{l}
\text { Hours } \
\text { Worked }
\end{array} & \begin{array}{l}
\text { Regular } \
\text { Earnings }
\end{array} & \begin{array}{l}
\text { Overtime } \
\text { Earnings }
\end{array} & \text { Gross Pay } \
\hline 1 & \$ 26.00 & 46 & & & \
\hline 2 & 16.00 & 44 & & & \
\hline 3 & 18.50 & 45 & & & \
\hline
\end{array}$

Accepted Answer

The answer of During one week, three employees of the...

Question 3

A person who is hired by a company and who is under the control and direction of the employer is called a(n)________.

Accepted Answer

The answer of A person who is hired by a...

Question 4

The monthly salaries for December and the year-to-date earnings as of November 30 for the three employees of the Design Warehouse are listed below. Compute the amount of social security tax and Medicare tax to be withheld from each of the employee's gross pay for December. Assume a
6.2 percent social security tax rate on a maximum of $122,700 for the calendar year. Assume a 1.45 percent Medicare tax rate.

Accepted Answer

The answer of The monthly salaries for December and the...

Question 5

The monthly salaries for December and the year-to-date earnings as of November 30 for the three employees of the Barbara's Bookstore, Inc. are listed below. Compute the amount of social security tax and Medicare tax to be withheld from each of the employee's gross pay for December. Assume a 6.2 percent social security tax rate on a maximum of $122,700 for the calendar year. Assume a
1.45 percent Medicare tax rate.

Accepted Answer

The answer of The monthly salaries for December and the...

Question 6

The employer records the amount of federal income taxes withheld from employees in the________ account.

Accepted Answer

The answer of The employer records the amount of federal...

Question 7

During one week, three employees of the Tea Leaf Cafe worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.

Accepted Answer

The answer of During one week, three employees of the...

Question 8

An employee whose regular hourly rate is $12 and whose overtime rate is 1.5 times the regular rate worked 45 hours in one week. The employer should record an overtime premium of ________ in the payroll register.

Accepted Answer

The answer of An employee whose regular hourly rate is...

Question 9

Because salaried employees who hold supervisory or managerial positions generally are not subject to wage and hour laws, they are known as ________ employees.

Accepted Answer

The answer of Because salaried employees who hold supervisory or...

Question 10

The amount of employees' ________ is recorded in the Wages Expense account.

Accepted Answer

The answer of The amount of employees' ________ is recorded...

Question 11

During one week, three employees of the Snowshoe Lodge worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.

Accepted Answer

The answer of During one week, three employees of the...

Question 12

An employee's gross earnings minus the necessary payroll deductions equals the employee's________.

Accepted Answer

The answer of An employee's gross earnings minus the necessary...

Question 13

During the week ended May 15, 2019, Scott Fairchild worked 40 hours. His regular hourly rate is $14 .Assume that all of his earnings are subject to social security tax at a rate of 6.2 percent and Medicare tax at a rate of 1.45 percent. He also has deductions of $31 for federal income tax and $21 for health insurance.
A)What is his gross pay for the week?
B)What is the total of his deductions for the week?
C)What is his net pay for the week?

Accepted Answer

The answer of During the week ended May 15, 2019,...

Question 14

After payroll computations are made, the hours worked, rates, earnings, and deductions are entered into a record called a(n)________.

Accepted Answer

The answer of After payroll computations are made, the hours...

Question 15

A worker who is paid an agreed amount for each week or month or year, regardless of the actual hours worked, is said to be paid on a(n)________basis.

Accepted Answer

The answer of A worker who is paid an agreed...

Question 16

FICA tax is commonly referred to as ________ tax.

Accepted Answer

The answer of FICA tax is commonly referred to as...

Question 17

An ________ is paid by the company to carry out a specific task or job but is not under the direct supervision, control, and direction of the company.

Accepted Answer

The answer of An ________ is paid by the company...

Question 18

The monthly salaries for December and the year-to-date earnings as of November 30 for the three employees of Heather's Hair Salon are listed below. Compute the amount of social security tax and Medicare tax to be withheld from each of the employee's gross pay for December. Assume a 6.2 percent social security tax rate and a base of $122,700 for the calendar year. Assume a 1.45 percent Medicare tax rate.

Accepted Answer

The answer of The monthly salaries for December and the...

Question 19

The monthly salaries for December and the year-to-date earnings as of November 30 for the three employees of the Lakeview Medical Center are listed below. Compute the amount of social security tax and Medicare tax to be withheld from each of the employee's gross pay for December. Assume a 6.2 percent social security tax rate on a maximum of $122,700 for the calendar year. Assume a 1.45 percent Medicare tax rate.

Accepted Answer

The answer of The monthly salaries for December and the...

Question 20

During one week, three employees of the Siesta Inn worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.
 $\begin{array}{|c|r|l|l|l|l|}
\hline \begin{array}{l}
\text { Employee } \
\text { No. }
\end{array} & \begin{array}{l}
\text { Regular } \
\text { Hourly Rate }
\end{array} & \begin{array}{l}
\text { Hours } \
\text { Worked }
\end{array} & \begin{array}{l}
\text { Regular } \
\text { Earnings }
\end{array} & \begin{array}{l}
\text { Overtime } \
\text { Earnings }
\end{array} & \text { Gross Pay } \
\hline 1 & \$ 14.00 & 46 & & & \
\hline 2 & 12.00 & 44 & & & \
\hline 3 & 10.00 & 45 & & & \
\hline
\end{array}$

Accepted Answer

The answer of During one week, three employees of the...

Quiz 10: Payroll Computations, Records, and Payment

Employers are required to pay for ________ insurance that will reimburse employees for losses suffered from job-related injuries.

A person who is hired by a company and who is under the control and direction of the employer is called a(n)________.

The employer records the amount of federal income taxes withheld from employees in the________ account.

An employee whose regular hourly rate is $12 and whose overtime rate is 1.5 times the regular rate worked 45 hours in one week. The employer should record an overtime premium of ________ in the payroll register.

Because salaried employees who hold supervisory or managerial positions generally are not subject to wage and hour laws, they are known as ________ employees.

The amount of employees' ________ is recorded in the Wages Expense account.

An employee's gross earnings minus the necessary payroll deductions equals the employee's________.

After payroll computations are made, the hours worked, rates, earnings, and deductions are entered into a record called a(n)________.

A worker who is paid an agreed amount for each week or month or year, regardless of the actual hours worked, is said to be paid on a(n)________basis.

FICA tax is commonly referred to as ________ tax.

An ________ is paid by the company to carry out a specific task or job but is not under the direct supervision, control, and direction of the company.