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the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in

the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. What is the hourly rate if their annual salary is $58,500?

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