Aimee Is a Salaried Nonexempt Employee Who Earns an Annual

question 65

Multiple Choice

Aimee is a salaried nonexempt employee who earns an annual salary of $52,500 for a 38-hour workweek,paid biweekly.The employer pays overtime for any hours worked in excess of 38 per week.During a pay period,she worked 86 hours.She has requested that she take compensatory time in lieu of paid overtime.How much compensatory time should she receive,assuming that her firm approves the compensatory time?

• A)10 hours
• B)12.5 hours
• C)15 hours
• D)20 hours

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Definitions:

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices over a specific period.

Price Elasticity

Price elasticity measures how the quantity demanded of a good or service changes in response to a change in its price. It signifies the responsiveness of demand to price changes.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

Relative Change

The measure of how much a variable changes in proportion to a reference amount.