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Author Question: Which of the following describes how to calculate take-home pay as a percentage of gross pay? A) ... (Read 31 times)

segrsyd

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on: Jun 24, 2018
Which of the following describes how to calculate take-home pay as a percentage of gross pay?
 A) Divide total deductions by gross pay.
  B) Divide take-home pay by gross pay.
  C) Divide total deductions by take-home pay.
  D) Multiply gross pay by 67.

Question 2

Which of the following statements about Social Security and Medicare taxes is NOT true?
 A) The Social Security tax rate of 6.2 is applied to a maximum wage of 102,000.
  B) The taxes are used to provide disability, retirement, and survivors' benefits.
  C) The taxes are used to provide hospital insurance for some disabled people and for people over 65.
  D) none of the above


ryrychapman11

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

D


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