Payroll - 2017

The gross earnings of six employees of a jewelry store for a week were: $815, $595, $715, $670, $525, and $675. What was the average amount earned for the week by these employees?

Jeff Jackson receives a salary of $720 a month and a 7.5% commission on all sales above his monthly sales quota of $15,000. His sales for March totaled $32,000. What was Jeff’s total income for March?

An employee is paid twice per month. This employee is said to be paid _________.

Alexis earns a weekly salary of $1,425 as a fitness trainer. If she works at this pay rate for a year, her total annual earning will be __________.

If Taton’s hourly rate is $16.25 and he worked 43 hours last week, his gross pay for the week was _______________.

A business form used to record payroll information for all employees during a pay period is called a(n) ___________.

An employee is hired at a pay rate of $10 per hour. During the past week, the employee worked 50 hours. The employee’s gross wages for the past week are:

The federal form on which an employee indicates the number of exemptions/dependents to be used in calculating the amount of federal income tax withholding for the employee is the

John receives $8 per hour and worked 32 hours Monday-Thursday. Friday was a paid holiday. What is John owed for this week before any withholdings?

What taxes must employers match and pay to the Internal Revenue Service each pay period?

What document reflects the value of assets of a corporation?

The pay earned by hourly-paid employees is usually referred to as

The combination of the Social Security tax and Medicare tax is referred to by the acronym

The rate for the Social Security tax (excluding the Medicare tax) that is withheld from employees’ salaries and wages up to a specified annual amount is

The financial statement that is used to evaluate the performance of a business by matching its revenue and related expenses for a particular accounting period is a