Question

Rico earns an annual salary of $61,890 and an annual bonus of $6,600 based on the company's profit. Determine Rico's annual gross pay for this year.

A) $55,290
B) $61,890
C) $68,490
D) $68,490

Answer 1

Rico's annual gross pay is the sum of his annual salary and bonus, amounting to $68,490.

Step-by-step explanation:

To calculate Rico's annual gross pay, we will need to add his annual salary and his annual bonus. According to the information provided, Rico earns an annual salary of $61,890 and an additional annual bonus of $6,600 based on the company's profits.

To find the total annual gross pay, we simply perform the following calculation:

• Annual Salary: $61,890
• Annual Bonus: $6,600
• Total Annual Gross Pay: $61,890 + $6,600 = $68,490

Therefore, Rico's annual gross pay for this year is $68,490.