Asked by Steph
A company's employee compensation expense for August, consisting of the gross pay plus 4% vacation pay based on gross pay, was $23,200. How much was the amount of vacation pay expense?
Answers
Answered by
Jennifer
GP + 0.04 * GP = 23200, where GP is gross pay
1.04 * GP = 23200
Solve for GP
1.04 * GP = 23200
Solve for GP
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