Bobi is a salaried exempt employee at Coric Industries. Bobi is married and filing jointly with two dependents under $17.$ The contract

stipulates a $40-$hour work week at $$47,500$ per year. During the week ending November $24,$ there was a company$-$paid holiday for one

day.

Required:

Calculate Bobi's weekly pay.

Note: Do not round intermediate calculations. Round "Hourly Rate" to $5$ decimal places and all other answers to $2$ decimal places.