Refer to Instruction 2-1

question 49

Essay

Refer to Instruction 2-1.Stacy Forvour is a salaried employee who works fluctuating workweeks.She is paid $680 per workweek.This week,she worked 46 hours.Forvour's total gross pay if her employer uses the special half-rate (based on total hours worked)for overtime pay is __________.

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Definitions:

CCA Class

Denotes the category of depreciable property a business asset falls into in Canada, determining the rate of depreciation for tax purposes.

Net Advantage to Leasing

The total financial benefit of leasing an asset, comparing the costs of leasing versus buying.

Resale Value

The estimated market value at which an asset can be sold in the future.