MAT 110 - Worksheet #5 - Reviewing Module 4 Mater **Complete this worksheet and then enter your answers into the Escape Submission link in Moodle. If you get on a question, ask for help early! If you are unable to "escape" please email Mrs. Smith pictures of your wo answers (including units) within 24 hours of the original deadline to be graded by hand. Managing Calvin's Budget Part 1: Calculating Income Calvin is a college kid who works at a local hardware store. He has been working at this store for over 3 years. Over years Calvin has proven himself to be a hard-worker and it has paid off. He started his job making $8.00 an hour. It is company's policy to give every employee a 1.5% raise after they have worked with the company every 6 months. Tw months after working there two years, a customer told Calvin's boss how helpful that Calvin was. Calvin's boss gave Calvin a 10% raise right on the spot. Then before the end of his third year Calvin was promoted to assistant floor manager which granted him another 10% pay raise. 1. Complete the chart below to calculate how much Calvin is making per hour today. Round each New Pay to the nearest penny and write the correct units each time. (14 Points) New Pay Current Base Pay Raise Started job $8.00 1.5% $8.00+ (8.00 x 0.015)=$8.12 At 6 Months $8.12 1.5% At 12 Months $8.24 1.5% At 18 Months 8,36 1.5% At 24 Months 8.48 1.5% On-the-spot Raise 8.60 10% At 30 Months 9.46 1.5% Promotion 9.40 10% $8.12 +(8.12 x 0.015)=$8.24 8.24+ (8.24 x 0.015) = 8.36 8.36 +(8.36 x 0.015) = 8.48 8.48 +(8.48 x 0.015 = 8.60 8.60+(8.60x0.10 = 9.46 9.46+(9.46x0.015)=9.60 9.60 +(9.60 x 0.10) = 10.56 At 36 Months 10,56 1.5% **** 2. Calvin has worked at this job for 3 years. How much does Calvin currently make per hour? Write the correct units with your answer. (5 Points) 10.56