An employee earns $76,000. The annualized amount prior to a raise in pay is $6,333 per month. If the employee gets an 8% raise, then what would the new monthly payment be for that employee beginning with the October 1st payroll?

Name: An employee earns $76,000. The annualized amount prior to a raise in pay is $6,333 per month. If the employee gets an 8% 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

$6,840 = [($76,000* 0.08) + $76,000]/12.

An Employee Earns $76,000