Malik brooks works 40 hours a week 52 we delivery company he earns 9.15 an hour round to the nearest tenth

Question

Malik brooks works 40 hours a week 52 weeks per year for metro delivery company he earns 9.15 an hour round to the nearest tenth a.) what's his annual gross pay? b.) if he receives a 4.9 percent merit increase what will be his new annual gross pay c.) what will be his new hourly rate?

Answer 1

a.  (40 hrs/week)(9.15 $/hr)(52 weeks/yr) = $19,032.00

 

b/c)  4.9% = 4.9/100 = .049

 

       His new rate will be 1.049(9.15) = $9.60 per hour

   

      (40 hrs/week)(9.60 $/hr)(52 weeks/yr) = $19,968.00

 

Note:  If you meant to round to the nearest tenth of a cent

the new hourly rate is $9.598 per hour

New annual gross is $19,963.84