Bill Is an Exempt Employee Whose Annual Pay Is $53,600

question 28

Multiple Choice

Bill is an exempt employee whose annual pay is $53,600 for 37.5 hours per week.During a two-week period,company employees were given a two-day holiday.What is Bill's regular pay and holiday pay for the period? (Do not round intermediate calculations.Round your answer to 2 decimal places. )

• A)$1,649.23;$412.31
• B)$1,785.67;$602.38
• C)$1,630.77;$615.48
• D)$1,529.74;$603.92

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Definitions:

Unrelated Diversification

A business strategy whereby a company expands into industries that are not related to its current line of business.

Acquiring New Businesses

The process of a company purchasing or merging with other companies to expand its operations, enter new markets, or gain competitive advantages.

Distribution Alliance

A partnership between companies to allow for the more efficient distribution and availability of products.

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed-upon objectives while remaining independent organizations.