Answered: What would be your gross pay

Business

Accounting

What would be your gross pay

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

V7 You are paid an annual salary of $45000 based on a 35-hour workweek. What would be your gross pay for a period in which you worked 40 hours in the first week and 40 hours in the second week if you are paid bi – weekly? Assume the year has exactly 52 weeks. Also, overtime is paid at time and a half

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