Under a merit pay system, calculate Anna Browns salary is listed at the end of 2015 was $50,000 and John Williams was $35,000

8. Under a merit pay system, calculate Annes salary based on a 7 percent annual increase through the year 2020. For John, apply a 3 percent annual increase rate. What are their adjusted salaries for each year?

9. Let's assume that both employees have reached the maximum pay rate for their jobs in 2015. Under a longevity pay system, calculate the annual longevity payment for each employee through the year 2020. Using a 5 percent rate for each, what will the annual increases amount to? What will their base pay rate be at the end of 2020?

10. Under a merit pay system scenario, lets assume that goal is to provide Anne and John with the same annual pay increases as measured in dollars, just for 2016. Its been determined that Annes annual increases rate will be 5 percent. What should the rate be for John? After applying the increase amounts, what will Annes and Johns new salaries be at the end of 2016?