A Nonexempt, Salaried Worker Who Received $46,500 in Annual Compensation

question 75

Multiple Choice

A nonexempt, salaried worker who received $46,500 in annual compensation for a 40-hour standard workweek has an hourly rate of ________. (Round your answer to 2 decimal places.)

• A) $22.86
• B) $22.64
• C) $23.26
• D) $22.36

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Definitions:

RUPA

The Revised Uniform Partnership Act, a set of laws designed to govern the operations of partnerships in the United States.

RUPA

The Revised Uniform Partnership Act, governing the operation of partnerships in the United States.

Partnership Agreement

A contract between business partners that outlines the terms of the partnership, including each partner's duties, profit sharing, and resolution of disputes.

Business Creditors

Entities or individuals to whom a business owes money or other financial obligations.