Daanyal is a salaried nonexempt employee who is married with two withholding allowances and earns $34,000 per year.During a biweekly pay period,he worked 88 hours.His standard workweek is 40 hours.What is Daanyal's gross pay for the period? (Do not round intermediate calculations.Round your answer to 2 decimal places. )
A)$1,307.69.
B)$1,438.80.
C)$1,489.26.
D)$1,503.85.

Question

Quizplus · Accepted Answer

To calculate Daanyal's gross pay, we need to consider his regular pay and his overtime pay.

His regular pay for the 88 hours of work will be:

40 hours x his hourly rate + 40 hours x his hourly rate = 80 hours x hourly rate

His hourly rate can be calculated as follows:

$34,000 annual salary / 52 weeks per year / 40 hours per week = $16.35 per hour

Therefore, his regular pay for the 88 hours of work will be:

80 hours x $16.35 per hour = $1,308.00

For the 8 hours of overtime he worked (88 total hours - 80 regular hours), his overtime rate will be:

$16.35 per hour x 1.5 = $24.53 per hour

His overtime pay will be:

8 overtime hours x $24.53 per hour = $196.24

Adding his regular pay and his overtime pay, we get:

$1,308.00 + $196.24 = $1,504.24

So Daanyal's gross pay for the period is $1,504.24, which rounds to $1,503.85 (D).

Daanyal Is a Salaried Nonexempt Employee Who Is Married with Two