An employee earns $24,000. The annualized amount prior to a raise in pay is $2,000 per month. If the employee gets a 3% raise, then what would the new monthly payment be for that employee beginning with the October 1st payroll?

Name: An employee earns $24,000. The annualized amount prior to a raise in pay is $2,000 per month. If the employee gets a 3% raise, then what would the new monthly payment be for that employee beginning with the October 1st payroll?
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Question

Quizplus · Accepted Answer

$2,060 = [($24,000 * 0.03) + $24,000]/12.

An Employee Earns $24,000