Question

Greg took a job through an employment agency. The job offers an annual salary of $28,600, which is paid weekly. Greg will have to pay the agency a fee of 23% of his first four weeks' pay. Calculate the fee. Show all working.

Answer 1

Answer: To calculate the fee, we need to know the annual salary, the percentage fee and the number of weeks that the fee will be applied. In this case, the annual salary is $28,600, the fee is 23% and the number of weeks is 4.

First, we need to calculate the weekly pay by dividing the annual salary by 52 weeks in a year:

Weekly Pay = $28,600 / 52

Weekly Pay = $550

Then we can calculate the amount of money that the agency will charge for the first four weeks by multiplying the weekly pay by the number of weeks:

4 Weeks Pay = 4 x $550

4 Weeks Pay = $2200

Now, we can calculate the fee by multiplying the 4 weeks pay by 23%:

Fee = $2200 x (23 / 100)

Fee = $506

So, the agency will charge Greg a fee of $506 for the first four weeks of his job.

Explanation: