Your beginning salary as an analyst in the HIM department is $12.50 per hour. You are due to receive a 3.5 percent cost-of-living raise in your next paycheck. Your performance evaluation is coming up in one month, and you believe you should get an additional 4 percent increase based on your excellent performance. What should your hourly wage be next week, and what do you anticipate it will be after your performance evaluation

Question

Business

Kristian Leon

1 June, 15:23

Your beginning salary as an analyst in the HIM department is $12.50 per hour. You are due to receive a 3.5 percent cost-of-living raise in your next paycheck. Your performance evaluation is coming up in one month, and you believe you should get an additional 4 percent increase based on your excellent performance. What should your hourly wage be next week, and what do you anticipate it will be after your performance evaluation

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Answers (1)

Know the Answer?

Jaelyn Glover · Answer 1

Hourly wage be next week 12.94, After performance evaluation 13.46.

Explanation:

As per values in the question,

$12.50 per hour,

3.5% cost-of-living,

4 % increase based on performance.

Wage of next week = (3.5% * 12.50) + 12.50 = 12.94

Performance evaluation wage

= (4% * 12.93) + 12.93 = 13.46