Problem 2 - 15 Points Calculate the salary budget for the scal year ending June 30, 2021. Budgeted volume is planned to be 228,000 procedures. Each FTE can do 21,500 units a year. A raise will be given to all staff on May 1st of each year at a rate of eight percent. The July 1, 2020 rate of pay for new hires is set at $34.00l'hour regardless of hire date. The following are the current staff with FTE values and hourly rates of pay as of January 1, 2020: Current Pay Rate 1.0 $45.00 The following information may or may not be needed to solve this problem. In examining the payroll and personnel records of your department, you have determined that productive time is 85 percent of total paid time. New staff cannot be hired in less than halftime FTE increments (e.g., if you calculate a need for 12.3 additional, new FTEs, 12.5 FTEs must be hired)