Chap 3 Quiz Flashcards
Adam is a nonexempt employee who is single with one dependent and earns $15 per hour and has a standard 40-hour workweek. During a weekly pay period, he worked 46 hours. What is Adam’s gross pay for the period? (Do not round intermediate calculations. Round final answer to 2 decimal places.)
Multiple Choice
$600.00
$690.00
$735.00
$1,035.00
$735.00
Naveen is a salaried nonexempt employee who earns annually $39,500 for a 40-hour workweek that is paid semimonthly. He is occasionally on-call for his employer. During the on-call time, Naveen is required to be available for phone calls and must have internet access, but is otherwise able to pursue his own interests. Company policy allows for four hours of regular pay for each day that the employee is on-call. How much should Naveen’s gross pay be for a pay period in which he is on-call for three days? (Do not round intermediate calculations. Round final answer to two decimal places.)
Multiple Choice
$1,645.83
$1,747.12
$1,721.79
$1,873.72
$1,873.72
Vincent is a tipped employee who earns a wage of $2.13 per hour in a tip-credit state and works a standard 40-hour workweek. Last week, he earned $60 in tips. Which of the following is true?
Multiple Choice
- Vincent’s employer may not report his tips for income tax purposes.
- Vincent’s employer must pay him the tip credit because his wages and tips for the week were less than the federal minimum wage.
- Vincent does not have to report his tips for the week because they were less than $75.
- Vincent must file a request with his employer to have the tip credit applied to his wages for the week.
Vincent’s employer must pay him the tip credit because his wages and tips for the week were less than the federal minimum wage.
To compute the hourly rate for an employee with a 40-hour standard workweek, you would divide the annual salary by 2,080.
T/F
True
What does it mean to prove the payroll register?
Multiple Choice
- Gaining approval to disburse payroll amounts.
- Verifying the validity of employees’ time sheets.
- Ensuring that the sum of the column totals equals the sum of the row totals.
- Computing the column and row totals.
Ensuring that the sum of the column totals equals the sum of the row totals.
The difference between the federal minimum wage and the tipped wage involves:
Multiple Choice
- The type of work the employee performs.
- The size of the town in which the employer is located.
- Supervisory reviews about the employee’s performance.
- An employee’s qualifications for the job.
The type of work the employee performs.
To rule the payroll register means that the payroll accountant establishes procedures about the payroll register.
T/F
False
Ruling the payroll register means that the final totals are double underlined.
The purpose of using combination pay methods is to:
Multiple Choice
- Meet minimum wage requirements and offer pay for performance.
- Reduce salary expenses by offering variable compensation.
- Cross-train employees in various company functions.
- Offer employees an incentive for increased performance.
Meet minimum wage requirements and offer pay for performance.
Phillippe is an inside salesperson who earns a base annual salary of $24,000 plus a 5% commission on total sales that he makes during the pay period. During a semimonthly period, he made $27,500 in sales. What is Phillippe’s gross pay for the period? (Do not round intermediate calculations. Round final answer to 2 decimal places.)
Multiple Choice
$2,298.07
$2,390.38
$2,375.00
$2,422.50
$2,375.00
Dorothy is a full-time student in a medical assisting program at a vocational education program. She works part-time for a nursing home as a nurse’s assistant and worked 17.5 hours during the last weekly pay period. What should Dorothy’s gross pay be for that week? (Do not round intermediate calculations. Round final answer to two decimal places.)
Multiple Choice
$95.16
$170.00
$147.25
$290.00
$95.16
(Full-time students in a vocational education program who work in a related job may receive 75% of the Federal minimum wage.)
