Question
Sally makes $46,000 annually. She receives a promotion and was increased to $56,000 annually. Sally's job notified her she would be receiving retro money from
Sally makes $46,000 annually. She receives a promotion and was increased to $56,000 annually. Sally's job notified her she would be receiving retro money from January 1st to July 22nd.
How much is Sally's new hourly rate?
How much retro money can Sally expect?
What should be the total funds received in her paycheck on July 22nd?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate Sallys new hourly rate we can use the formula Hourly rate Annual salary Number of hours ...
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
