Question

A)
Under which circumstances do tipped employees have to pay taxes on their tips?
(1 point)
They are always required to report tips as income.
They earn less than minimum wage, even with tips.
The state that they work in pays less than minimum wage.
If some customers do not tip, they do not have report tip income.
A)
Osi was hired by a large corporation and given a salary of $100,000. She was told that last yearemployees made an average of $25,000 in bonuses since all departments met or exceeded theirearnings. After her first quarter, she found out that there was no bonus for her department becausesales were down in her division by 2 percent even though her sales met the quota. Is this legal?
(1 point)
No, bonuses part of total compensation, so there is a minimum payment.
No, if bonuses are mentioned as one of the benefits, the company has to pay them.
Yes, there is no guarantee that any employee will get a bonus even if it is common.
Yes, because she can get twice as much next quarter if her division improves sales

A)
Marcos has a full-time job. He also delivers food for restaurants on the weekends as a side gig wherehe is considered self-employed. Does he have to pay taxes on the money he receives from his sidegig?
(1 point)
No, he is already paying taxes at his full-time job.
Yes, he has to pay taxes based on all his earnings and tips.
No, since it is a side gig there is no way to document income.
Yes, the company that he has the gig with will take out the taxes.

Based on the pay stub provided, what amount will be on the paycheck?
Reg.Hours
Rate
Total
FederalTax
$87.64
80
$9.50/hr
$760
State Tax
$29.22
Overtime
Rate
Total
FICA
$43.82
15
$14.25/hr
$213.75
MedicalInsurance
$27.00
Total
$187.68
Gross Pay
$973.75
Net Pay
$786.07
(1 point)
$187.68
$786.07
$973.75
$1161.43

A)
Based on the pay stub provided, which deduction is a payment that does not go to a governmentagency?
Reg.Hours
Rate
Total
FederalTax
$87.64
80
$9.50/hr
$760
State Tax
$29.22
Overtime
Rate
Total
FICA
$43.82
15
$14.25/hr
$213.75
MedicalInsurance
$27.00
Total
$187.68
Gross Pay
$973.75
Net Pay
$786.07
(1 point)
FICA
State Tax
Federal Tax
Medical Insurance

Answer 1

1) They are always required to report tips as income.

2) Yes, there is no guarantee that any employee will get a bonus even if it is common.

3) Yes, he has to pay taxes based on all his earnings and tips.

4) $786.07 (Net Pay)

5) Medical Insurance