Question

Azif is a project manager for a publishing company. His yearly salary is $65,00. This year he will also get a bonus that is 2% of his salary. What is Azif's gross income?

Answer 1

Gross income= $66,300

Explanation:

Giving the following information:

Yearly salary= $65,000

Bonus= 2% of the salary

To calculate the gross income, first, we need to determine the monetary value of the bonus:

Bonus ($)= 65,000*0.02

Bonus ($)= $1,300

Now, the gross income:

Gross income= 65,000 + 1,300

Gross income= $66,300