27) Which of the following is pay stated as a percentage of a sale amount?
A) Bonuses
B) Benefits
C) Wages
D) Commissions
28) Which of the following are deducted in arriving at an employee's net pay?
A) Federal income taxes
B) FICA taxes—employer's portion
C) Federal unemployment taxes
D) State unemployment taxes
29) Which of the following deductions must be matched by the employer, resulting in both a deduction from gross pay and an expense to the employer?
A) Federal income taxes
B) Federal unemployment taxes
C) FICA taxes
D) Charitable deductions
30) Which of the following are pay amounts stated at an hourly rate?
A) Bonuses
B) Commissions
C) Wages
D) Benefits
31) Tom's gross pay for the week is $800. Tom's deduction for federal income tax is based on a rate of 18%. Tom has no voluntary deductions. Tom's yearly pay is under the limit for OASDI. What is the amount of Tom's net pay?
A) $594.80
B) $738.80
C) $656.00
D) $533.60
32) Mary's gross pay for the week is $1,000. Mary's deduction for federal income tax is based on a rate of 20%. Mary has voluntary deductions of $150. Her yearly pay is under the limit for OASDI. What is the amount of her net pay?
A) $594.80
B) $773.50
C) $650.00
D) $573.50
33) Tom's gross pay for the week is $800. Tom's deduction for federal income tax is based on a rate of 18%. Tom has no voluntary deductions. Tom's yearly pay is under the limit for OASDI. What is the amount of FICA withheld from Tom's pay?
A) $67.80
B) $61.20
C) $65.00
D) $533.60
34) Mary's gross pay for the week is $1,000. Mary's deduction for federal income tax is based on a rate of 20%. Mary has voluntary deductions of $150. Her yearly pay is under the limit for OASDI. What is the amount of FICA deducted from her pay?
A) $59.80
B) $76.50
C) $65.00
D) $153.00
35) Tom's gross pay for this month is $8,150. His gross pay year-to-date, prior to this month, totaled $101,000. What is the amount of FICA withheld from Tom's pay for this month?
A) $623.48
B) $359.60
C) $477.78
D) $118.18
36) Tom's gross pay for this month is $8,150. His gross pay year-to-date, prior to this month totaled $101,000. Tom's rate for federal income tax is 24%. His voluntary deductions total $900. What is the amount of Tom's net pay?
A) $4,816.22
B) $5,716.00
C) $4,670.52
D) $4,290.65