A Nonexempt,salaried Worker Who Received $46,500 in Annual Compensation for a 40-Hour

question 39

Multiple Choice

A nonexempt,salaried worker who received $46,500 in annual compensation for a 40-hour standard workweek has an hourly rate of ________.(Round to the nearest cent. )

• A)$23.26
• B)$22.86
• C)$22.64
• D)$22.36

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Definitions:

Indifference Curves

Graphical representations in economics showing different combinations of goods among which a consumer is indifferent.

Substitution Effect

The change in the consumption patterns of goods or services due to a change in their relative prices, holding the consumer's income constant.

Hot Dogs

Cooked sausages, traditionally beef or pork, served in a slit of a partially sliced bun, often with various condiments.

Video Games

Electronic games that involve interaction with a user interface to generate visual feedback on a two- or three-dimensional video display device.