Bill Is an Exempt Employee Whose Annual Pay Is $53,600

question 13

Multiple Choice

Bill is an exempt employee whose annual pay is $53,600 for 37.5 hours per week. During a two-week period, company employees were given a two-day holiday. What is Bill's regular pay and holiday pay for the period? (Do not round intermediate calculations. Round your answer to 2
Decimal places.)

• A) $1,785.67; $602.38
• B) $1,649.23; $412.31
• C) $1,529.74; $603.92
• D) $1,630.77; $615.48

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Definitions:

Limited Time

A restricted period during which something can occur or must be completed.

Scarcity

Refers to the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Freedom of Choice

The ability or right of individuals to make their own decisions without external constraints or coercion.

Emotional Response

The psychological reaction characterized by feelings such as happiness, anger, or fear, triggered by specific stimuli or events.