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1 | |
A biweekly payroll period will include : |
| | A) | 24 pay periods in a calendar year. |
| | B) | 12 pay period in a calendar year. |
| | C) | 26 pay periods in a calendar year. |
| | D) | 52 pay period in a calendar year. |
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2 | |
A business can have/use different payroll periods for different types of employees. |
| | A) | True |
| | B) | False |
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3 | |
A sample time card for James is listed below. Using the quarter-hour system, compute the total amount of hours that James worked. Days | In | Out | In | Out | Hours | Sun | | | | | | Monday | 7:54 | 12:00 | 12:58 | 5:00 | | Tues. | 7:59 | 12:00 | 1:00 | 5:00 | | Wed. | 7:55 | 12:01 | 1:00 | 5:00 | | Thurs. | 7:57 | 12:01 | 1:05 | 5:05 | | Fri. | 8:05 | 12:02 | 1:02 | 5:00 | |
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| | A) | 39 hours |
| | B) | 40 hours |
| | C) | 41 hours |
| | D) | 35 hours |
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4 | |
A business covered by the Fair Labor Standard Act (FLSA) is required to keep time records for December 2004 up to : |
| | A) | December 2005 |
| | B) | January 2005 |
| | C) | June 2005 |
| | D) | December 2007 |
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5 | |
Linda A., a sales employee, gets paid a 10% commission, based on sweater sales, for the month. Her monthly quota is $100 in sweater sales. During January, Linda sold $500. In sweater sales. Determine the commission amount for Linda: |
| | A) | $50 |
| | B) | $60 |
| | C) | $40 |
| | D) | $55 |
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6 | |
A contract worker is considered an employee and therefore taxes must be deducted from his/her earnings. |
| | A) | True |
| | B) | False |
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7 | |
Lisa works in medical manufacturing firm, she gets paid based on a piece rate systems. She is paid $ 5.00 per medical device that is completed on her shift. Lisa completed 20 medical devices in one eight hour shift. The hourly rate is $5.50. How much Lisa earned in that shift? |
| | A) | $110.00 |
| | B) | $100.00 |
| | C) | $105.00 |
| | D) | $10.50 |
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8 | |
Maria works in textile manufacturing company, she gets paid based on a piece rate systems. Maria produced 2,000 pieces of clothes during a 45 hour workweek. Maria gets paid $.50 per piece completed. Maria worked 44 hours during the week. How much Maria earned that week? |
| | A) | $1000.00 |
| | B) | $977.68 |
| | C) | $1133.33 |
| | D) | $1055.56 |
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9 | |
John H. receives a base salary of $1700 every month. The sales quota for the month is $20,000. John will receive a 5% commission on all sales in excess of the monthly quota.
During January, John sales for the month were $50,000. What is John’s commission for the month of January? |
| | A) | $1700 |
| | B) | $1000 |
| | C) | $1500 |
| | D) | $2500 |
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10 | |
The form 1099-misc is used to report miscellaneous income such as: |
| | A) | rents |
| | B) | royalties |
| | C) | non-employee payments |
| | D) | all of the above |
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