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What is a good math equation to compute incentive pay calculation? Available information: base wage is 34000 with a 1% pay increase, new salary=34340. team

What is a good math equation to compute incentive pay calculation?

Available information:

base wage is 34000 with a 1% pay increase, new salary=34340.

team member earns $0.50 for every nonrejected product.

The annual average of rejected material is 7.9%

Previous year incentive pay was 4600

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