Bill is an exempt employee whose annual pay is $53,600 for 37.5 hours per week.During a two-week period,company employees were given a two-day holiday.What is Bill's regular pay and holiday pay for the period? (Do not round interim calculations.Round final answer to 2 decimal places.)
A) $1,629.43; $412.31
B) $1,785.67; $602.38
C) $1,630.77; $615.48
D) $1,529.74; $603.92

Question

Quizplus · Accepted Answer

Bill's regular pay is $53,600 / 52 weeks * 2 weeks = $2,061.54. His holiday pay is $2,061.54 / 37.5 hours * 16 hours = $867.69. Therefore, his regular pay is $2,061.54 and his holiday pay is $867.69.

Bill Is an Exempt Employee Whose Annual Pay Is $53,600