119 sarah jones 39 s regular rate of pay is 30 per hour with one and one half times 4325063

119.Sarah Jones's regular rate of pay is $30 per hour with one and one-half times her regular rate for any hours which exceed 40 hours per week. She worked 48 hours last week. Therefore, her gross wages were

a.$1,440.

b.$1,200.

c.$1,560.

d.$2,160.

120.Assuming a FICA tax rate of 7.65% on the first $117,000 in wages, 1.45% on amounts in excess of $117,000, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned $180,000 for the year?

a.$134,867

b.$135,050

c.$144,000

d.$133,953

121.Most companies involved in interstate commerce are required to compute overtime at

a.the worker's regular hourly wage.

b.1.25 times the worker's regular hourly wage.

c.1.5 times the worker's regular hourly wage.

d.2.5 times the worker's regular hourly wage.

122.Jason Gomi has worked 44 hours this week. He worked in excess of 8 hours each day. His regular hourly wage is $9 per hour. What are Jason's gross wages for the week? (The company Jan works for is in compliance with the Fair Labor Standards Act.)

a.$396

b.$414

c.$594

d.$432

123.FICA taxes do not provide workers with

a.life insurance.

b.supplemental retirement.

c.employment disability.

d.medical benefits.

124.Employee payroll deductions include each of the following except

a.federal unemployment taxes.

b.federal income taxes.

c.FICA taxes.

d.insurance, pension plans, and union dues.

125.The journal entry to record the payroll for a period will include a credit to Salaries and Wages Payable for the gross

a.amount less all payroll deductions.

b.amount of all paychecks issued.

c.pay less taxes payable.

d.pay less voluntary deductions.

126.The amount of income taxes withheld from employees is dependent on each of the following except the

a.employee's gross earnings.

b.employee's net pay.

c.length of the pay period.

d.number of allowances claimed by the employee.

127.The following totals for the month of April were taken from the payroll register of Asplend Company.

a.debit to Salaries and Wages Expense for $72,000.

b.credit to Salaries and Wages Payable for $72,000.

c.debit to Salaries and Wages Payable for $72,000.

d.debit to Salaries and Wages Expense for $51,000.

128.The following totals for the month of April were taken from the payroll register of Asplend Company.

a.debit to Salaries and Wages Payable for $47,304.

b.debit to Salaries and Wages Payable for $48,792.

c.debit to Salaries and Wages Payable for $43,284.

d.credit to Cash for $54,300.

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