1)To record the employees' wages incurred for the period, the entry will include a debit to Wages Expense. True /False

2)Employees who are hired by the companies are considered contract laborers.True/False

3)The Form W-4 is the source of information to complete the annual earnings statement. True/False

4)If an employee was hired to work at $20.00 an hour and worked for 42 hours for the week, the gross pay is $840.00. True/False

5)The social security taxes have a limit while the Medicare taxes do not. True/False

6)Employees who worked for over 40 hours a week are entitled to overtime pay in addition to the regular time.True/False

7)On Dec. 15, current year, ABC Co. paid 2 employees: Toni is paid $20.00 an hour and worked for 48 hours for the week. Joseph is paid a salary amount of $1,000.00 a week. Toni's federal income tax withholding is $50.00 and Joseph's federal income tax withholding is $100.00. Joseph contributes $10.00 to United Way and Toni does not. None of the employees had reached the limit for social security taxes.Refer to Table 1, the gross pay for Toni is:

$960

$1,000

$1,960

$1,040

none of the above

8)On Dec. 15, current year, ABC Co. paid 2 employees: Toni is paid $20.00 an hour and worked for 48 hours for the week. Joseph is paid a salary amount of $1,000.00 a week. Toni's federal income tax withholding is $50.00 and Joseph's federal income tax withholding is $100.00. Joseph contributes $10.00 to United Way and Toni does not. None of the employees had reached the limit for social security taxes.

Refer to Table 1, the gross pay for Joseph is:

$960

$1,000

$1,960

$1,040

none of the above

9)On Dec. 15, current year, ABC Co. paid 2 employees: Toni is paid $20.00 an hour and worked for 48 hours for the week. Joseph is paid a salary amount of $1,000.00 a week. Toni's federal income tax withholding is $50.00 and Joseph's federal income tax withholding is $100.00. Joseph contributes $10.00 to United Way and Toni does not. None of the employees had reached the limit for social security taxes.

Refer to Table 1, the total amount of deductions for Toni is

$158.76

$118.76

$108.76

$129.56

none of the above

10)On Dec. 15, current year, ABC Co. paid 2 employees: Toni is paid $20.00 an hour and worked for 48 hours for the week. Joseph is paid a salary amount of $1,000.00 a week. Toni's federal income tax withholding is $50.00 and Joseph's federal income tax withholding is $100.00. Joseph contributes $10.00 to United Way and Toni does not. None of the employees had reached the limit for social security taxes.

Refer to Table 1, the total amount of deductions for Joseph is

$186.50

$56.50

$106.50

$116.50

None of the above

11) On Dec. 15, current year, ABC Co. paid 2 employees: Toni is paid $20.00 an hour and worked for 48 hours for the week. Joseph is paid a salary amount of $1,000.00 a week. Toni's federal income tax withholding is $50.00 and Joseph's federal income tax withholding is $100.00. Joseph contributes $10.00 to United Way and Toni does not. None of the employees had reached the limit for social security taxes.

Refer to Table 1, the net amount of take home pay for Toni is:

$881.24

$910.44

$931.24

$921.44

None of the above