Question

Emile Zola is a senior manager for Timber Eye Industries in California. After his annual performance review, he receives a merit raise of 7.25% and a cost-of-living in of 2.2%. His annual salary after the increases was $87,609.50. Find Emile's: annual salary, merit increase, and cost-of-living increase.

Answer 1

=5803.28$ and 1760.99 $

Explanation:

Given that Emile Zola, a senior Manager for Timber eye industries in California got a merit raise of 7.25% and cost of living 2.2%

Total increase in percent =
`7.25+2.2=9.45%`

After rise Emile salary is 87609.50 $

Let Emile salary -- 100

RIse -- 9.45

Salary after rise -- 109.45

THus we get if 109.45 is raised salary then merit increase =7.25

Hence for 87609.50, merit increase =
`(7.25(87609.5))/(109.45) =`=5803.28$

Similarly we have cost of living increase=

=
`(2.2(87609.5))/(109.45) =1760.99`