1. Which of the following is true of good internal controls over payroll?

A.

Disbursement of paychecks should not be separate from thefunction of maintaining payroll records.

B.

Accounting for payroll should be separate from hiring and firingof employees.

C.

Hiring and firing employees should not be separated fromaccounting and from disbursing paychecks.

D.

Cash receipts from customers should be separated from theaccounting for accounts receivable.

2. Sean's gross pay for this month is $8,750. His grossyear?to?datem pay, prior to this month, totaled $113,000.

Sean's rate for federal income tax is 24 %. His voluntarydeductions total $1,000. What is Sean's net pay? (Assume anOASDI rate of 6.2 %, applicable on the first $118,500earnings, and a Medicare rate of 1.45 %, applicable on allearnings. Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

a. 6182

b. 6650

c. 5650

d. 5182

3. Hank earns $16.50 per hour with time?and?a?half for hours inexcess of 40per week. He worked 50 hours at his job during thefirst week of March 2018. Hank pays income taxes at 15 % and 7.65 %for OASDI and Medicare. All of his income is taxable under FICA.Determine Hank's net pay for the week. (Do not roundany intermediate calculations, and round your final answer tothe nearest cent.)

a. 549.86

b. 701.95

c. 771.38

d. 574.61