Adam Is a Nonexempt Employee Who Is Single with One

question 45

Multiple Choice

Adam is a nonexempt employee who is single with one withholding allowance and earns $15 per hour and has a standard 40-hour workweek.During a weekly pay period,he worked 46 hours.What is Adam's gross pay for the period? (Do not round intermediate calculations.Round your answer to 2 decimal places. )

• A)$600.00.
• B)$690.00.
• C)$735.00.
• D)$1,035.00.

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Definitions:

Net Income

Net income is the total profit of a company after subtracting all expenses, taxes, and costs from its total revenue.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation, with voting rights at shareholder meetings.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a portion of the company's profits.

Earnings Per Share

A financial ratio that calculates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company’s profitability.