Question
Table 1: On Nov. 15, current year, An employee worked 41 hours for the week at $6.50/ hr. He received a bonus for outstanding employee
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Table 1: On Nov. 15, current year, An employee worked 41 hours for the week at $6.50/ hr. He received a bonus for outstanding employee award to the amount of $300.00. He joined in the companys 401-K pension plan where 5% of his gross pay is allocated towards his retirement. The company does not participate in the 401-K plan. His year-to-date wages before this pay period is $6,800.00. Federal tax withholding is $28.00. Employers contributions are as follows: Nevada state unemployment rate of 3% on first $36,000.00 of earnings and workmens compensation insurance premiums are at 4% on the first $36,000.00. Apply the current rates for both employee and employer. Refer to Table 1, the total gross pay is:
- a. $460.75
- b. $269.75
- c. $300.00
- d. $569.75
- e. None of the above, the answer is __________.
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Refer to Table 1, the total employees deduction amount is:
- a. $71.58
- b. $ 60.19
- c. $43.58
- d. $72.07
- e. $100.07
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Refer to Table 1, the total mandatory contributions of the employer is:
- a. $ 83.46
- b. $60.67
- c. $73.27
- d. $64.09
- e. $86.88
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Refer to Table 1, the total payroll expense for QuickBooks Pro users is:
- a. $656.63
- b. $630.42
- c. $643.02
- d. $654.41
- e. None of the above, the answer is ___________.
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Refer to Table 1, the total mandatory deductions of the employee is:
- a. $100.07
- b. $ 60.19
- c. $104.63
- d. $71.58
- e. None of the above, the answer is ____________.
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Refer to Table 1, the total amount of Payroll Liabilities that will be reported in Form 941 for this pay period is:
- a. $144.85
- b. $115.16
- c. $103.77
- d. $100.07
- e. None of the above, the answer is ___________.
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Refer to Table 1, what is the net amount of check issued to the employee?
- a. $ 482.87
- b. $ 469.68
- c. $ 498.17
- d. $ 454.59
- e. $481.08
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