Collin's raise will be 7% of his current gross salary of $1,083.34, which is:
0.07 x $1,083.34 = $75.83
So his new gross salary will be:
$1,083.34 + $75.83 = $1,159.17
To calculate his new gross salary for each 2-week pay period, we need to divide this by the number of pay periods per year. Assuming Collin is paid bi-weekly (26 pay periods per year), his new gross salary per pay period will be:
$1,159.17 / 26 = $44.58
Therefore, after the 7% raise, Collin's gross salary for each 2-week pay period will be $44.58.
After working satisfactorily for 6 months, Collin will be eligible for a 7% raise. How much will Collin's
gross salary be, after her raise, for each 2-week pay period? His current gross salary is $1,083.34.
1 answer