Exam 2: Computing Wages and Salaries
Exam 1: The Need for Payroll and Personnel Records108 Questions
Exam 2: Computing Wages and Salaries110 Questions
Exam 3: Social Security Taxes94 Questions
Exam 4: Income Tax Withholding88 Questions
Exam 5: Unemployment Compensation Taxes93 Questions
Exam 6: Analyzing and Journalizing Payroll75 Questions
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Public safety employees of a state can be granted compensatory time off in lieu of overtime compensation.
(True/False)
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To calculate the overtime pay rate for a commissioned worker, divide the total commission by the hours worked, and then take one-half of the resulting rate of pay.
(True/False)
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To determine a pieceworker's regular hourly rate for one week:
(Multiple Choice)
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"Engaged to wait" and "waiting to be engaged" are both considered work time.
(True/False)
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In order to qualify for the "white-collar" exemption as outside salespeople, the employees must be paid a minimum salary of at least $1,000/week.
(True/False)
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The FLSA contains detailed specifications of the methods that employers must follow in keeping time records.
(True/False)
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The Wage and Hour Division allows the practice of recording an employee's starting and stopping time to:
(Multiple Choice)
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Employers must pay employees for working overtime hours even if the overtime was not authorized or approved.
(True/False)
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An employer may only credit up to half of a tipped employee's minimum wage as coming from the tips actually received.
(True/False)
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Instruction 2-2
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .
Refer to Instruction 2-2. Charles Rollins earns $2,400 each month and works 35 hours each week.
(a) His hourly rate is __________.
(b) His overtime rate is __________.
(Essay)
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If a small amount of tips is turned over to the employer, the tip credit still is applied against the
minimum wage.
(True/False)
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Violators of the overtime provision of the FLSA are required to pay the unpaid overtime at a rate of triple the employee's rate.
(True/False)
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Blue-collar workers do not have to be paid for overtime if they have earned more than $90,000 for the year.
(True/False)
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Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
Refer to I nstruction 2-1 . Annette Henri is paid an hourly wage of $10.90 for a 32-hour workweek of 4 days, 8 hours daily. For any work on the fifth day and on Saturdays, she is paid one and one-half times her regular hourly rate. During a certain week, in addition to her regular 32 hours, Henri worked 6 hours on the fifth day and 5 hours on Saturday. For this workweek, Henri's total earnings are __________.
(Essay)
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Hourly employees who take work home without the permission of the employer do not have to be paid for the work done at home.
(True/False)
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Employees who are receiving remedial education may work up to 10 hours overtime each week without receiving overtime pay.
(True/False)
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All interns in the for-profit sector are exempt from the minimum wage and overtime requirements of the FLSA.
(True/False)
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Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
Refer to Instruction 2-1 . Gorman is paid $10.50 per hour for a 35-hour workweek. This past week, he worked an
extra 10 hours on a job at a pay rate of $13.00 per hour. If he is only paid overtime for hours over 40 and the
employer uses the average rate method, his total earnings for the 45 hours of work were __________.
(Essay)
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