Part 11 Multiple Choice Directions: Circle the correct answer. 1. A summary of the gross earnings, payroll deductions, and net pay for all employ. ees for a specific payroll period is called a: a. Daily time report b. Individual earnings record c. Payroll register d. Clock card 2 Which of the following taxes is matched by both the employee and employer? a SUTA tax b. FUTA tax c. FICA tax d. Federal income tax 3. A factory employee earns $12.00 an hour and ears and 1/2 the regular wage rate for all hours worked which exceed 40 in one week, a total of 46 hours was worked. The amount of overtime premium is. a $1200 b. $18.00 c. $36.00 d. $108.00 4. The overtime premium is charged to a Work in Process Inventory b. Factory Overhead Control c. Raw Materials Inventory d. Wages Expense 5. The FICA-OASDI rate is 6.2% of the first $60,200 an employee earns. An employee has earned $59.400 in accumulated earnings before the current payroll period. Dur- ing the current payroll period, the employee earned $1,000. The FICA-OASDI tax is: b. $12.40 c. $19.60 d. $62.00 6. Which of the following is NOT one of the employer's payroll taxes ? a. FICA tax b. FUTA tax c. SUTA tax d. Federal income tax 7. The employee's earnings record contains all of the following except a. FICA tax b. FUTA tax c Federal tax d. Total earnings a. So