Question 1

An override can never help increase a manager's total pay.

Accepted Answer

A) True 
 B)False  False

Question 2

SUTA tax is usually paid quarterly.

Accepted Answer

A) True 
 B)False  True

Question 3

Net pay - deductions = gross pay.

Accepted Answer

A) True 
 B)False  False

Question 4

Straight piece rate pay provides a worker an incentive to produce more since pay is based on the number of units produced.

Accepted Answer

A) True 
 B)False

Question 5

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 6

A calendar year is July 1 to June 30.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

If you are paid twice a month, you are being paid:

Accepted Answer

A)  Weekly 
B)  Biweekly 
C)  Semimonthly 
D)  Monthly 
E)  None of these 
A)  Weekly 
B)  Biweekly 
C)  Semimonthly 
D)  Monthly 
E)  None of these

Question 9

Exempt wages means not taxable wages.

Accepted Answer

A) True 
 B)False

Question 10

A quarter is 13 weeks.

Accepted Answer

A) True 
 B)False

Question 11

Payroll registers cannot record cumulative earnings.

Accepted Answer

A) True 
 B)False

Question 12

SUTA tax has no maximum amount that can be paid in a calendar year.

Accepted Answer

A) True 
 B)False

Question 13

Bob Neff, owner of an automotive dealership, pays one of his salesmen, Mike, a $1,300 draw per week plus 6% on all commission sales. Mike sold seven cars over the four-week period, totaling $186,900 for the month. Mike's commission minus the draw is:

Accepted Answer

A)  $6,410 
B)  $6,041 
C)  $6,014 
D)  $5,200 
E)  None of these 
A)  $6,410 
B)  $6,041 
C)  $6,014 
D)  $5,200 
E)  None of these

Question 14

Jasper works at Panera Company for $11.25 per hour plus a commission of 2% of her sales. Assuming Jasper worked 26 hours last week and had sales of $2,610, her gross pay is:

Accepted Answer

A)  $290.50 
B)  $344.70 
C)  $351.20 
D)  $342.00 
E)  None of these 
A)  $290.50 
B)  $344.70 
C)  $351.20 
D)  $342.00 
E)  None of these

Question 15

FICA tax base:

Accepted Answer

A)  Never changes 
B)  Changes yearly 
C)  Changes once every two years 
D)  Is never more than $60,000 
E)  None of these 
A)  Never changes 
B)  Changes yearly 
C)  Changes once every two years 
D)  Is never more than $60,000 
E)  None of these

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

John Flynn works at Stutz Toyota and is paid a(n) __________ against his earned commissions.

Accepted Answer

A)  Bonus to one's salary 
B)  Salary 
C)  Draw 
D)  Amount that is never paid back 
E)  None of these 
A)  Bonus to one's salary 
B)  Salary 
C)  Draw 
D)  Amount that is never paid back 
E)  None of these

Question 18

Alvin Shore sells jewelry at Ross Jewelers. Ross pays Alvin $8.50 per hour plus a 6% commission on all sales. Assume Alvin works 36 hours and had sales of $4,900. What is Alvin's gross pay?

Accepted Answer

The answer of Alvin Shore sells jewelry at Ross Jewelers....

Question 19

The FICA tax now requires separate reporting for Social Security and Medicare.

Accepted Answer

A) True 
 B)False

Question 20

An employee's commission is always based on total dollar sales.

Accepted Answer

A) True 
 B)False

An override can never help increase a manager's total pay.

SUTA tax is usually paid quarterly.

Net pay - deductions = gross pay.

Straight piece rate pay provides a worker an incentive to produce more since pay is based on the number of units produced.

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:

A calendar year is July 1 to June 30.

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

If you are paid twice a month, you are being paid:

Exempt wages means not taxable wages.

A quarter is 13 weeks.

Payroll registers cannot record cumulative earnings.

SUTA tax has no maximum amount that can be paid in a calendar year.

Bob Neff, owner of an automotive dealership, pays one of his salesmen, Mike, a $1,300 draw per week plus 6% on all commission sales. Mike sold seven cars over the four-week period, totaling $186,900 for the month. Mike's commission minus the draw is:

Jasper works at Panera Company for $11.25 per hour plus a commission of 2% of her sales. Assuming Jasper worked 26 hours last week and had sales of $2,610, her gross pay is:

FICA tax base:

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

John Flynn works at Stutz Toyota and is paid a(n) __________ against his earned commissions.

Alvin Shore sells jewelry at Ross Jewelers. Ross pays Alvin $8.50 per hour plus a 6% commission on all sales. Assume Alvin works 36 hours and had sales of $4,900. What is Alvin's gross pay?

The FICA tax now requires separate reporting for Social Security and Medicare.

An employee's commission is always based on total dollar sales.

Whole Numbers: How to Dissect and Solve Word Problems

Fractions

Decimals

Banking

Solving for the Unknown: a How-To Approach for Solving Equations

Percents and Their Applications

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

Simple Interest

Promissory Notes, Simple Discount Notes, and the Discount Process

Compound Interest and Present Value

Annuities and Sinking Funds

Installment Buying

The Cost of Home Ownership

How to Read, Analyze, and Interpret Financial Reports

Depreciation

Inventory and Overhead

Sales, Excise, and Property Taxes

Filters

Exam 9: Payroll

An override can never help increase a manager's total pay.

SUTA tax is usually paid quarterly.

Net pay - deductions = gross pay.

Straight piece rate pay provides a worker an incentive to produce more since pay is based on the number of units produced.

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:

A calendar year is July 1 to June 30.

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

If you are paid twice a month, you are being paid:

Exempt wages means not taxable wages.

A quarter is 13 weeks.

Payroll registers cannot record cumulative earnings.

SUTA tax has no maximum amount that can be paid in a calendar year.

Bob Neff, owner of an automotive dealership, pays one of his salesmen, Mike, a $1,300 draw per week plus 6% on all commission sales. Mike sold seven cars over the four-week period, totaling $186,900 for the month. Mike's commission minus the draw is:

Jasper works at Panera Company for $11.25 per hour plus a commission of 2% of her sales. Assuming Jasper worked 26 hours last week and had sales of $2,610, her gross pay is:

FICA tax base:

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

John Flynn works at Stutz Toyota and is paid a(n) __________ against his earned commissions.

Alvin Shore sells jewelry at Ross Jewelers. Ross pays Alvin $8.50 per hour plus a 6% commission on all sales. Assume Alvin works 36 hours and had sales of $4,900. What is Alvin's gross pay?

The FICA tax now requires separate reporting for Social Security and Medicare.

An employee's commission is always based on total dollar sales.

Whole Numbers: How to Dissect and Solve Word Problems

Fractions

Decimals

Banking

Solving for the Unknown: a How-To Approach for Solving Equations

Percents and Their Applications

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

Simple Interest

Promissory Notes, Simple Discount Notes, and the Discount Process

Compound Interest and Present Value

Annuities and Sinking Funds

Installment Buying

The Cost of Home Ownership

How to Read, Analyze, and Interpret Financial Reports

Depreciation

Inventory and Overhead

Sales, Excise, and Property Taxes

Filters