Click to watch the Tell Me More Learning Objective $3$ video and then answer the questions below.

$1.$ Payroll systems should be designed to $\_\_\_\_\_.$

pay employees accurately and timely

meet regulatory requirements of federal, state, and local agencies

provide useful data for management decision$-$making needs

All of these are correct.

$2.$ An employee earned $$1,000$ in the first pay period of the current year. How much is the total employer and employee social security taxes on these earnings? $($Use the simplified rate shown in illustrations.$)$

$$60$

$$120$

$$0$; the earnings are not subject to social security tax

None of these are correct.