Indra Is an Employee Who Is Required to Be On-Call

question 63

Multiple Choice

Indra is an employee who is required to be on-call at her employer's site once per month for eight hours. She earns a salary of $58,750 per year for a 45-hour workweek and is paid biweekly. What is Indra's gross pay for a pay period that includes on-call time? (Do not round intermediate
Calculations. Round your answer to 2 decimal places.)

• A) $2,648.77
• B) $2,259.62
• C) $2,460
• D) $2,447.92

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Definitions:

Time Value

The idea that having money now is more valuable than having the same sum later because of the possible earnings it can generate over time.

Economic Value

The worth of a good or service determined by its utility and the market demand, influencing its price.

Signing Bonus

A financial incentive given to a new employee as an inducement to join the company.

Equivalent Value

The same worth or monetary value as something else.