Question 1

If an employee works for more than one employer during the year, the social security tax is deducted and matched by only one employer.

Accepted Answer

A) True 
 B)False

Question 2

Rick O'Shea, the only employee of Hunter Furniture Company, makes $30,000 per year and is paid once a month. For the month of July, his federal income taxes withheld are $180, state income taxes withheld are $37, social security is 6.2%, Medicare tax is 1.45%, State Unemployment Tax is 4%, and Federal Unemployment tax is .8%. What is Rick's net pay for July?

Accepted Answer

A)  $2,500.00 
B)  $2,283.00 
C)  $2,308.75 
D)  $2,091.75

Exam 10: Payroll Computations, Records, and Payment

If an employee works for more than one employer during the year, the social security tax is deducted and matched by only one employer.