Diane Is a Salaried,nonexempt Worker with a Standard Workweek of 40

question 49

Multiple Choice

Diane is a salaried,nonexempt worker with a standard workweek of 40 hours.During the last weekly pay period,she earned $148.24 in overtime pay for 5 hours overtime.What is her annual salary? (Do not round intermediate calculations.Round your answer to the nearest whole dollar. )

• A)$42,500
• B)$41,112
• C)$44,950
• D)$48,720

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Definitions:

Consolidated Financial Statements

Financial statements that present the financial position and operating results of a parent company and its subsidiaries as one entity.

Ledger Accounts

The individual records that summarize all the transactions related to a particular item over a period, forming part of the company’s financial statements.

Significant Transactions

Significant transactions are those transactions that are of substantial importance to the financial or operational position of a company, often requiring special disclosure in financial reports due to their size, nature, or incidence.

Reporting Dates

Specific dates by which companies are required to submit financial reports, typically on a quarterly or annual basis.