Multiple Choice
Match the following terms with their definitions.
-Wage bracket
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
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Q54: Match the following terms with their definitions.<br>-Differential
Q55: SUTA tax has no maximum amount that
Q56: The percentage method aids in calculating:<br>A)SUTA<br>B)FUTA<br>C)FICA<br>D)FIT<br>E)None of
Q58: Bob Neff, owner of an automotive dealership,
Q59: FICA tax base:<br>A)Never changes<br>B)Changes yearly<br>C)Changes once every
Q60: An employee's commission is always based on
Q61: There is a maximum amount of Medicare
Q62: Differential pay schedule is based on:<br>A)FICA<br>B)Different levels
Q90: Match the following terms with their definitions.<br>-Biweekly<br>A)Breakdown