Question

the mean annual salary for employees at a company is 36,000. at the end of the year, each employee receives a 1,000 bonus and a 5% raise( based on salary)what is the new annula sala

Answer 1

If you are still talking about the <I>mean</I> annual salary, it depends on whether the bonus or the raise comes first.

1.05(36,000 + 1000) = ? Bonus first

1.05(36,000) + 1000 = ? Raise first

Answer 2

38800