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By how much would total payroll (compensation plus tax) increase in the previous question if the government imposed a new minimum wage of $15/hour and
By how much would total payroll (compensation plus tax) increase in the previous question if the government imposed a new minimum wage of $15/hour and the managers wages increased by the same proportion as the servers wages?
Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll tax equal to 7.5% of compensation. Complete the following table to calculate the weekly compensation and payroll tax paid by the employer. Remember that servers work 10 hours per weekStep by Step Solution
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