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I need help in this. I did first part but i am stuck on lengetivity pay system and i can not find the correct method
I need help in this. I did first part but i am stuck on lengetivity pay system and i can not find the correct method of how to increase payment. Please do it correctly
Questions: A. Under a merit pay system, calculate Samantha's salary based on a 4 percent annual increase through the year 2025. For John, apply a 3 percent annual increase rate. What are their adjusted salaries for each year? Samantha pay=40000 John = 70,000 Samantha ($) 4% increase 2021 John (S) 3% increase 41600 72100 2022 43264 74263 2023 44994.56 76490.89 2024 46794.34 78785.62 2025 48666.12 81149.19 B. Let's assume that both employees have reached the maximum pay rates for their jobs in 2021. Under a longevity pay system, calculate the annual longevity payments for each employee through the year 2025. Using a 5 percent rate for each, what is each annual increase amount? Samantha ($) John Williams (S) 2021 2022 2023 2024 2025 Activate Windows Go to Settings to activate V C. Under the longevity pay system, what is Samantha's base pay rate at the end of 2025? What is John's? D. Under which pay system - merit or longevity is base pay higher? Why? Please explain using what you've learned this week. Questions: A. Under a merit pay system, calculate Samantha's salary based on a 4 percent annual increase through the year 2025. For John, apply a 3 percent annual increase rate. What are their adjusted salaries for each year? Samantha pay=40000 John = 70,000 Samantha ($) 4% increase 2021 John (S) 3% increase 41600 72100 2022 43264 74263 2023 44994.56 76490.89 2024 46794.34 78785.62 2025 48666.12 81149.19 B. Let's assume that both employees have reached the maximum pay rates for their jobs in 2021. Under a longevity pay system, calculate the annual longevity payments for each employee through the year 2025. Using a 5 percent rate for each, what is each annual increase amount? Samantha ($) John Williams (S) 2021 2022 2023 2024 2025 Activate Windows Go to Settings to activate V C. Under the longevity pay system, what is Samantha's base pay rate at the end of 2025? What is John's? D. Under which pay system - merit or longevity is base pay higher? Why? Please explain using what you've learned this week
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