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 $48,400 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. Company Bobi Totals Name Coric Industry Filing Status MJ Dependents 2<17 Period Ended: Hourly Rate or Period Wage Number of Regular Hours 11/24/2023 Number of Holiday Hours $ Regular Earnings Holiday Earnings 0.00 $ Gross Earnings 0.00 $ 0.00
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 $48,400 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. Company Bobi Totals Name Coric Industry Filing Status MJ Dependents 2<17 Period Ended: Hourly Rate or Period Wage Number of Regular Hours 11/24/2023 Number of Holiday Hours $ Regular Earnings Holiday Earnings 0.00 $ Gross Earnings 0.00 $ 0.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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 $48,400 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.
Company
Bobi
Totals
Name
4
Coric Industry
Filing Status
MJ
Dependents
2<17
Period Ended:
Hourly Rate or Period
Wage
Number of
Regular Hours
11/24/2023
Number of
Holiday Hours
$
Regular
Earnings
0.00
Holiday Earnings
$
0.00
Gross Earnings
$
0.00
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