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Tom Is Employed at an Annual Salary of $50 292

Question 42

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Tom is employed at an annual salary of $50 292.48. His regular workweek is 37.5 hours and he is paid semi-monthly.
a) What is Tom's gross pay per period?
b) What is his hourly rate of pay?
c) What is his gross pay for a period in which he worked 12 1/2 hours overtime at time and one-half regular pay?

Correct Answer:

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a) Semimonthly pay =...

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