A direct laborer in a factory earns $1,000 each week. In addition, she will receive a $2,500 bonus at year end, a two-week paid vacation, and seven paid holidays.
Prepare the entry to distribute her wages and the costs and liabilities related to bonus, vacation, and holiday pay. (Round all amounts to two decimal places.)
Correct Answer:
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Bonus:
$2,500 / 50 weeks
= ...
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