Question: An employee works 3 4 regular hours during a workweek in September of 2 0 2 3 . The employee was hired twelve years ago,

An employee works

34

regular hours during a workweek in September of

2023 .

The employee was hired twelve years ago, earns a salary of $

122, 300 /

year

,

and is exempt from the overtime provisions of the FLSA. To date, he has received no compensation beyond his annual salary. He has requested that his employer withhold

8.5 %

of gross pay, which is to be contributed to a

403 (

)

plan.

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