Reference no: EM133032365

Questions -

Q1. Guillermo works at the Foundry as a crane operator and is paid $35 an hour. His regular work week is 40 hours per week and he is paid weekly. During the most recent work week, Guillermo worked 50 hours. How much is Guillermo's gross pay for the week? Guillermo is a nonexempt employee and the Foundry follows the federal law for applying overhead.

a. $1,750

b. $1,872

c. $2,625

d. $1,925

e. None of these

Q2. Assume a FICA for Social Security rate of 6.2%, a FICA for Medicare rate of 1.45%, a federal income tax withholding rate of 20%, a state income tax withholding rate of 7%, a federal unemployment rate of 0.6%, and a state unemployment rate of 3%. Also assume the wage limit for social security is $142,800 and the wage limit for both FUTA and SUTA is $7,000. Connie is paid monthly and earned $5,000 in the first month of the year. How much is her take-home pay assuming no other deductions other than the required tax deductions?

a. $3,267.50

b. $2,817.50

c. 3,067.50

d. $3,087.50

e. None of these