An employee of a Board of Education is paid an annual salary in 22 bi-weekly payments of $1483.41 each. The employee is under contract for 220 workdays of 8 hourseach.(a) What is the hourly rate of pay?(b) What is the gross pay for a pay period in which the employee was away for 3 days at no pay?......(a) The hourly rate is $.(Round to the nearest cent as needed.)(b) The gross pay is $(Round to the nearest cent as needed.)

Given, Annual Salary of employee = $1483.41*22 = $32,635.02 Salary per day = Annual salary / No.of…

Answered: An employee of a Board of Education is…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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