Chapter 9, Problem 2CR

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Annual salaries are commonly prorated to be paid weekly, biweekly, _____, and _____. (9-1)

To determine

**To fill:** The blank spaces in the statement, “Annual salaries are commonly prorated to be paid weekly, biweekly, ____, ____”.

Explanation

A salary is a fixed gross amount of pay equally distributed over periodic payments without regards of the number of hours worked. Salaries are usually expressed as annually or yearly amount.

For example, a corporate accountant might receive an annual salary of $50,000.

Salaries are also distributed on a more-timely basis...

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