3. (14 points) ABC company would like to evaluate two incentive schemes that take effect once the worker exceeds standard performance. In the first plan, the benefits are split 60% for the worker and 40% for the company. In the second plan, the worker receives a 15% kicker at 110% performance, and then the benefits are split 20/80 between the worker and the company (20% goes to the worker). Please show all steps of the calculation. (1) (9 points) Derive the equations for worker unit wage for both plan 1 and plan 2.

3. (14 points) ABC company would like to evaluate two incentive schemes that take effect once the worker exceeds standard performance. In the first plan, the benefits are split 60% for the worker and 40% for the company. In the second plan, the worker receives a 15% kicker at 110% performance, and then the benefits are split 20/80 between the worker and the company ( 20% goes to the worker). Please show all steps of the calculation. (1) (9 points) Derive the equations for worker unit wage for both plan 1 and plan 2