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Bruce is a nonexempt employee at Grissom Industries, where he works in both the manufacturing and design departments. He is married with three withholding allowances and is paid biweekly. He earns $25 per hour in the manufacturing department and $31.50 per hour in the design
Department. During the most recent biweekly pay period, he worked a total of 92 hours, 20 of which were in the design department. All
Overtime was in the manufacturing department. What is his gross pay? (Do not round intermediate calculations. Round your answer to 2 decimal
Places.)
Demand Decrease
A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a certain price over a specific period.
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a specific price level.
Equilibrium
A market condition in which the equilibrium of supply and demand leads to price stability.
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