Betty's practice exam Calculation problems Flashcards
Under a piece rate system; a company’s production workers receive $0.32 for each unit produced during regular hours and 1 1/2 times for any units produced during overtime hours. During the workweek an employee produced 1400 units in the 1st 40 hours and 320 in the next 5 hours. Calculate the employee’s total earnings for the workweek.
$601.60
An employee earns $9 per hour and an additional 10 cents per hour for hours worked after 7:00 p.m. If an employee works from 2:00 p.m. to 11:00 p.m., with an unpaid meal break from 6:00 p.m. to 7:00 p.m., Monday through Friday, what is the employee’s weekly gross pay under the Fair Labor Standards Act?
$362
An employee’s base rate of pay is $9.00 and also receives a $1.50 per hour shift differential for working after 7 pm. During one workweek he worked 45 hours and 12 1/2 hours are with shift pay. Calculate his total earnings.
$447.30
Under the FLSA, what is the compensation due an employee whose rate of pay is $8 per hour and who is paid for 52 hours during one workweek, including 8 hours of sick pay?
$432
Calculate the employee’s gross pay under the FLSA based on the following data:
Rate of pay per hours: $8.00
Production bonus: $25.00
Shift differential per hour: $.25
Total shift hours in workweek: 44
$405.64
A nonexempt employee agrees to a fluctuating workweek for hours between 35 and 50 with a fixed salary of $500.00 per week. Michael worked 48 hours one week. Calculate his earnings for that week.
$541.68
A nonexempt salaried employee works 35 hours a week and is paid $20,020.00 annually. During the current pay period they worked 39 hours in the 1st week and 40 hours in the 2nd week. Calculate their biweekly earnings.
$770.00
An employee’s company provides their employees with group life insurance at two times annual salary. An employee has an annual salary of $30,000 and was born on 10/14/85. Calculate the taxable GTL income for 2024.
$.90
In 2024, an individual worked for three employers during the calendar year, earning $38,000, $47,000, and $50,000 respectively. What is the total amount of social security and Medicare taxes that should be withheld from the employee’s wages by the three employers?
$10,327.50
For an employee earning $10.20 per hour and participating in a 401(k) plan with a deferral per pay period of $50, compute the federal income taxable wages based on the following:
Biweekly pay period
Regular 80 hours
4 hours overtime
3 hours double-time
$888.40
A manager has requested a net check of $5,000 for one of their staff. The employee’s YTD FICA taxable wages are $165,000. Using the following tax percentages, calculate the gross wages. FIT 22%, SIT 6.25% and FICA.
$7,429.87
A company has a gross payroll of $120,589.36 that is taxable for federal income, social security, and Medicare taxes. Federal income tax withheld is $24,117.87; combined social security and Medicare taxes withheld are $9,225.09. What is the company’s total payroll tax liability for this pay period?
$42,568.05
Using federal child support guidelines, calculate the maximum amount of support that can be withheld from an employee’s semimonthly disposable earnings of $1,500.00. The employee is four months in arrears in making child support payments and has no other dependents.
$975.00
XYZ company wants to give Terry a net check of $10,000 as a bonus. Using the following tax percentages, calculate the gross wages. FIT 22%,FICA 7.65%, SIT 9%.
$16,299.92
An employee is terminated with 3 workdays remaining in a month. The employee earned an annual salary of $24,000 and was paid semimonthly. What is the regular compensation due this employee for the final pay period?
$723.07
An employee drives an employer provided car, its FMV is $24,000. In2024 the employee drove 19,000; 5600personal and 13,400 business miles. Using ALV table calculate the employee’s personal use.
$1,945.02
An employee is paid $10 per hour plus a 10% differential for evening shifts. During the past week, the employee worked 24 hours on the day shift and 24 hours on the evening shift. Under the FLSA, what are the employee’s gross wages for the week?
$546.00
Using Publication 15- T, Worksheet 1A, calculate the employee’s withheld federal income tax based on the following data and information reported in the employee’s 2024 Form W- 4:
Weekly pay frequency
Vacation earnings: $360.62
Regular compensation: $339.38
401(k) pre- tax deferral: $49.00
Married filing jointly
$125 entered in Step 4(c) on the Form W- 4
$133.95
A nonexempt employee earns $400 per week for a normal schedule of 35 hours. Under the FLSA, how much would this employee be due if 48 hours were worked?
$594.36
n employee is to be awarded a net bonus of $2,000 as supplemental wages. Year- to- date regular and supplemental earnings are $15,000. Using the current optional flat tax rate and social security and Medicare tax rates, what should be the gross amount of the payment if the employee lives and works in a state with no income tax?
$2,842.93
A semiweekly depositor withheld FIT of $26,325.00, FICA of $9,289.35, SIT 11,773.10 and had FUTA wages of $164,413.30 for the current payroll. No employees have maxed out for FUTA taxable wages. What is the required federal deposit amount?
$44,903.70
An employee claims married and two withholding allowances on her 2019 Form W- 4, is paid $1,700 biweekly, and defers $50 per pay period to a 401(k) plan. Using Publication 15- T, Worksheet 1A, what is the total of the biweekly deductions from the employee’s pay for federal income, social security, and Medicare taxes?
$199.28
An employee was paid $1,500.00 for the current pay period. Their YTD wages are $54,343.10 and their current deductions are the following: union dues 15.00, 401k 12%,saving account 150.00 and pretax medical (125 plan) 80.00. Calculate FIT using 22% and FICA taxes using current rates.
FIT = 272.80 FICA = 108.63
An employee is paid a bonus of $1,500 with a regular biweekly wage payment of $2,000 in 2024 that is indicated separately on the employee’s pay stub. The employee has received no supplemental wages so far this year. The employee has an elective deferral of 5% of regular wages made to the 401(k) plan each pay period. For federal income tax withholding purposes, the company uses the optional flat rate for all bonuses and uses Publication 15- T, Worksheet 1A for regular wage payments. The employee’s 2019 W- 4 claims married with 2 allowances. The employee has no state or local income taxes or any other deductions. What is the employee’s net pay?
$2,707.02
An employee is reimbursed for substantiated business mileage of 200miles for the month of May, at a rate of.75 cents per mile. Calculate the taxable amount.
16.00
An employee earned $94,800 for2024. They had 10% deducted for 401k, $2,500 for FSA (125 plan), and$1,200 medical (pretax) and $1,200 for United Way. Calculate YTD Soc Sec and FIT using 15%.
FIT = 12,243.00 Soc Sec = 5,648.20
Nonqualified stock options. An employee has 200 shares of stock purchase at 67.75 per share. They sell all of his shares at a FMV of 80.25.Calculate the total taxable income.
$2,500.00
An employee is paid $0.50 per unit under a piece rate system. During the current biweekly pay period the employee worked 47 hours the first week and produced 920 units; and in the second week worked 46 hours producing 835 units. Calculate the employee’s biweekly gross pay.
$939.01
An employee’s is paid an hourly rate of $10.00. During the current workweek the employee worked 47hours and received a $100 a non-discretionary bonus. Calculate the employee’s gross pay for the workweek.
$612.46
An employee is scheduled to work 37.50 per week, with an annual salary of $25,000.00. The company pays biweekly and the employee has the following deduction; union dues $25.00, 401K 10% and child support for $25.00. Calculate the hourly rate of pay.
$12.82
Calculate the gross pay due under the FLSA for an exempt employee, paid biweekly. Normal workweek 37.50 hours, weekly salary $684.50. Employee worked 43 hours the 1st week and 38 hours the 2nd week.
$1369.00
A non-exempt employee is paid biweekly with an hourly rate of $8.00.They agree to work overtime in the 1st week and take compensatory time the next. They worked 46 hours in the 1st week and 35 the next. Calculate the employee’s biweekly earnings.
$672.00
An employee drives a qualifying vehicle 18,250 miles during 2024 and has personal miles of 7425. Mark pays for the gas. Using cents per mile calculate the imputed income for his personal use of the car.
$4,566.38
An employee was paid $2,500 for pay period ending April 15 2024. Their current YTD wages are $25,000.00. He has 10% taken for 401k. Calculate FIT using 22% and FICA using current rates.
FIT = 495.00 FICA = 191.25
An employee receives $500 weekly from a third party insurer for sick pay. The employer contributed $37,500 and the employees contributed $12,500towards the premiums with after tax deductions. What amount is included as taxable income?
$375.00
An employee receives $400 per week (Sun-Sat paid on Friday) in sick pay from a third party insurer. The insurer receives form W-4S asking that $60 per week be withheld for FIT. The employee returned to work on Thursday after being out for 6 full weeks. What amount is the employee entitled to for sick pay and what amount is withheld for FIT?
SP = 240.00 FIT = 36.00
An employee receives $1,500 per month for 9 months in disability payments from a third party insurer. The employees pays 25% of the premiums in after tax payroll deductions and his employer pays the rest. Calculate the amount subject to FIT and FICA.
FIT = 10,125.00 FICA = 6,750.00
An employee terminates employment with their employer. They elect to have their 401k balance ($35,000) paid directly to them. How much will they receive?
$28,000
An employee’s normal salary is $700 per pay period. In the current pay period the employee has $120 added for imputed income for personal use of a company car. Calculate their net pay using 22% FIT, FICA and 6% SIT.
$407.67
A tipped employee earned $115.00 from their employer and reported $310 as cash tips. Calculate FITW using15% on regular wages and 22% on tip income, also calculate FICA. What amount will be withheld from her check for FITW and FICA?
FITW = 82.49 FICA = 32.51
A company’s gross payroll was $41,516.28 and had a federal income tax withholding liability of $3,710.21,FICA tax withheld $3,176.00, state income tax withheld is $1,211.96. What is the company’s total federal tax deposit?
$10,062.21
An employee earns $6.75 per hour for a 40 hour week. On the last weekly payroll this employee worked 49hours. Using 22% for FIT and 6% for SIT calculate their disposable earnings.
249.60
An employee’s disposable earnings for the week are $300.00. His employer receives a garnishment order requiring $240 be withheld. The amount that can be deducted is the lesser of what?
$75 or $82.50
n employee’s disposable earnings for a biweekly pay period are $1,100.00. Out of this amount a $250 child support deduction is taken. His employer receives a garnishment order. What amount can be withheld for the garnishment order?
$25
