Fred Has an Annual Salary of $40,000

question 316

Multiple Choice

Fred has an annual salary of $40,000.00. He is paid semi-monthly and his regular workweek is 40 hours. What is his regular salary per pay period?

• A) $1,538.46
• B) $1,458.33
• C) $3,076.92
• D) $1,666.67
• E) $3,333.33

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Definitions:

Company's Services

Company's services denote the various professional, technical, or specialized tasks that a company offers to its clients or customers as part of its business operations.

Secondary Data

Information that has been previously collected by others for different purposes but is being utilized by researchers for a new study.

Seasonal Variations

Refers to fluctuations in business activity, sales, or demand that recur with the changing seasons of the year.

Consumer Spending

Consumer spending is the total amount of money spent by households and individuals on goods and services, reflecting the economic activity and health of a nation or region.