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You are the top performer in your department, so you are a getting a 2% merit raise over the 2% that everyone else will get.

You are the top performer in your department, so you are a getting a 2% merit raise over the 2% that everyone else will get. (1) How much is your merit pay if your current salary is $35,000? (2) What is the merit pay premium percentage on your annual salary of $35,000? (3) What will your total pay be for next year? (4) What is the total pay premium percentage for next year?

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