Paul is an Accounting Manager for a large pharmaceutical company in New York. The salary range for the Accounting Manager position is $60,000 - $80,000. If Paul is paid $75,000 per year, then Paul's compa-ratio is _______________.
A)125
B)107
C)100
D)93

Question

Quizplus · Accepted Answer

The compa-ratio is calculated by dividing an employee's current salary by the midpoint of the salary range for their position, then multiplying by 100 to get a percentage. The midpoint of the salary range $60,000 - $80,000 is $70,000. So, Paul's compa-ratio is ($75,000 / $70,000) * 100 = 107.

Paul Is an Accounting Manager for a Large Pharmaceutical Company