Multiple Choice
Match the following terms with their definitions.
-Gross pay
A) May be used in calculating Social Security and Medicare
B) Pay rate based on schedule of units completed
C) Income tax
D) Minimum wage standard
E) Alternative method to percentage method
F) 52 times a year
G) Aids in determining amount of FIT withheld
H) 26 times a year
I) Method to calculate FIT
J) 24 times a year
K) Different levels result in different commission scales
L) Wages subject to tax
M) Commission to manager
N) Broken down into Social Security and Medicare
O) Wages before deductions
P) Gross pay minus deductions
Q) Aids unemployment program
R) Wages based on percent of the value of goods sold
S) Affected by company's employment record
Correct Answer:

Verified
Correct Answer:
Verified
Q92: Jim Long earned $1,900 biweekly. He claims
Q93: SUTA tax is usually paid quarterly.
Q94: Straight piece rate pay provides a worker
Q95: Being paid biweekly means the salary is
Q96: Ron Smith has cumulative earnings of $110,100.
Q98: Complete the following weekly payroll:<br>Assume: (1)FIT
Q99: Janice Tax, an accountant for Flee Corp.,
Q100: Lana Powell has cumulative earnings of $116,000
Q101: A draw is an advance that need
Q102: The FICA tax now requires separate reporting