Multiple-Choice: Answer the following questions by circling the letter that represents the correct choice. (2 points each) 1. An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; social security tax rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? a. b. C. $775.00. $752.50. $1,225.00. $1,102.50. 2. d. An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46 federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; social security tax rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid the employee? $875.00. a. b. $838.62. C. d. $857.00. $1133.14. 3. Manning Company has the following information for the pay period of December 15 - 31, 20xx. Gross payroll $15,000 Federal income tax withheld $3,000 Social security rate 6% Federal unemployment tax rate .8% Medicare rate 1.5% State unemployment tax rate 5.4% Salaries Payable would be recorded for a. $15,000 b. $11,100 C. $10,875 d. $9,945