17.

Martin Jackson receives an hourly wage rate of $23, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $207; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson, rounded to the nearest cent?

a.$803.56

b.$1,092.50

c.$1,470.56

d.$1,781.06

20.

The independent auditor's report

a.describes which financial statements are covered by the audit

b.gives the auditor's opinion regarding the fairness of the financial statements

c.summarizes what the auditor did

d.states that the financial statements were presented on time