Biweekly [Choose ] Aids in determining amount of FIT withheld Commission to mana
ID: 3199111 • Letter: B
Question
Biweekly [Choose ] Aids in determining amount of FIT withheld Commission to manager Alternative method to percentage method Minimum wage standard Multicolumn form Method to calculate FIT Gross pay minus deductions Broken down into Social Security and Medicare 24 times a year Pay rate based on schedule of units completed Different levels result in different commission scales Wages before deductions Company experience rating Income tax Wages subject to tax Aids unemployment program Wages based on percent of the value of goods sold May be used in calculating Social Security and Medicare 26 times a year Payroll register Differential pay W-4 Cumulative earnings Fair Labor Standards Act FICA [ Choose ] FUTA I Choose ] FIT ChooseExplanation / Answer
Answer.
1. Bi-Weekly = 26 times a year
2. Payroll Register = May be used in calculating Social Security and Medicare
3. Differential pay = Pay rate based on schedule of units completed
4. W-4 = Aids in determining amount of FIT withheld4. Gross Pay = Wages before deductions
5. Cumulative earnings = Multicolumn Form
6. Fair Labor Standards Act = Minimum wage standard
7. FICA = Broken down into Social Security and Medicare
8. FUTA = Aids unemployment program
9. FIT = Income Tax
10. Gross Pay = Wages before deductions
11. Taxable Earnings = Wages subject to tax
12. Net Pay = Gross pay minus deductions
13. Override = Commission to manager
14. Percentage Method = Method to calculate FIT
15. Semimonthly = 24 times a year
16. SUTA = Company experience rating
17. Straight commission = Wages based on percent of the value of goods sold
18. Variable commission scale = Different levels result in different commission scales
19. Wage Bracket = Alternative method to percentage method
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