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An employee paid weekly earns an annual salary of $52,000. What is the employee's gross pay per weekly pay period?
A$1,000
B$4,333
C$52,000
D$2,000
Answer & Solution
Correct answer: A. $1,000
1. Gross pay is total earnings before any deductions.
2. A 52-week year divides the annual salary evenly: \$52{,}000 \div 52 = \$1{,}000.
3. Weekly gross pay is $1,000.
_Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §5.2 "Payroll", p.210_
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