Payroll Fpc/ccp - Problem Questions Already Passed

D. $12.82 37.50 x 52 = 1950 25,000 / 1950 = 12.82 {Ans: 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. A. $10.82 B. $11.54 C. $12.02 D. $12.82}B. $7,650.52 127,200 - 124,800 =2,400.00 2,400 x 6.2% = 148.80 5,000 + 148.80 =5148.80 25% + 6.25% + 1.45% = 32.70% 100% - 32.70% = 67.30% 5148.80 / 67.30% = 7650.52 To Check: 7650.52 x 25% = 1912.63 7650.52 x 6.25% = 478.16 7650.52 x 1.45% = 110.93 Soc Sec 148.80 Total Tax = 2650.52 7650.52 - 2650.52 = 5000 {Ans: A manager has requested a net check of $5,000 for one of their staff. The employee's YTD FICA taxable wages are 124,800. Using the following tax percentages, calculate the gross wages. FIT 25%, SIT 6.25% and FICA. A. $7,579.20 B. $7,650.52 C. $7,923.93 D. $8,183.31}D. FIT = 12,168.00 SocSec = 5,617.20 94,800 x 10% = 9,480 94,800 - 9,480 - 3,000 - 1,200 = 81,120 81,120 x 15% = 12,168.00 94,800 - 3,000 -