Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An employee of a Board of Education is paid an annual salary in 22 bi-weekly payments of $1109.02 each. The employee is under contract for

image text in transcribed An employee of a Board of Education is paid an annual salary in 22 bi-weekly payments of $1109.02 each. The employee is under contract for 200 workdays of 7.5 hours each. (a) What is the hourly rate of pay? (b) What is the gross pay for a pay period in which the employee was away for 5 days at no pay? (a) The hourly rate is $ (Round to the nearest cent as needed.) (b) The gross pay is $ (Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions