Naveen Is a Salaried Nonexempt Employee Who Earns Annually $39,500

question 74

Multiple Choice

Naveen is a salaried nonexempt employee who earns annually $39,500 for a 40-hour workweek that is paid semimonthly. He is occasionally on- call for his employer. During the on-call time, Naveen is required to be available for phone calls and must have internet access, but is otherwise
Able to pursue his own interests. Company policy allows for four hours of regular pay for each day that the employee is on-call. How much
Should Naveen's gross pay be for a pay period in which he is on-call for three days? (Do not round intermediate calculations. Round your answer
To 2 decimal places.)

• A) $1,721.79
• B) $1,873.72
• C) $1,747.12
• D) $1,645.83

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Definitions:

Market Outcomes

The results of interactions between buyers and sellers in a market, including price, quantity, and quality of goods and services traded.

Efficient Quantity

The level of production that maximizes the difference between total revenue and total cost, leading to optimal resource allocation.

Marginal Cost

The expenditure associated with creating one more unit of a good or service.

Market Equilibrium

A situation in which the supply of an item is exactly equal to its demand, leading to a stable price for the item in the marketplace.