Justin Ullman is a salaried exempt employee at Velvet Chain

Justin Ullman is a salaried exempt employee at Velvet Chain Company. He is married with five withholding allowances. His contract stipulates a 40-hour work week at $60,000 per year. During the week ending November 27, there was a company paid holiday for two days.

Calculate Justin’s weekly pay. (Round wages to 5 decimal points.)

Solution

Justin\'s contract stipulates $60,000 per year salary.

No. of weeks = 52

Weekly pay of Justin = $60,000 / 52 = $1,153.84615