34 Chris Walker earns 700 per week for a fiveday week and he

34. Chris Walker earns $700 per week for a five-day week, and he is entitled to 13 paid holidays and five weeks of paid vacation a. Over how many weeks should the holiday pay and vacation pay be expensed? b. W hat is the amount of the total holiday pay, and how much of it should be expensed per week? c. How much is the total vacation pay, and how much of it should be expensed per week?

Solution

34) a. 5 + 2.6 = 7.60 weeks of holiday pay and vacation pay be expensed. (13 days = 2.6 weeks of 5 days a week) b. The amount of total holiday pay = $700 * 2.6 = $1820 and expensed per week is =$1820 / 52 = $35 c. The total vacation pay = $700*5 = $3500 and expensed per week are = 3500/52 = $67.31