Final answer:
To calculate the salary increase for employees, determine 2% of the company's total salary, and then distribute this increase proportionately based on each employee's salary.
Step-by-step explanation:
The question involves calculating a percentage change in salary, which is a mathematical concept frequently encountered in high school algebra or business math classes. To increase an employee's salary by the equivalent of 2% of the company's salary, you would first need to determine the total amount that represents 2% of the company's salary. Once you have this figure, you can distribute the amount to the employees supervised by KING proportionally, considering their individual salaries.
For example, if the company's total salary expenditure is $50,000, a 2% increase would be 0.02 x $50,000 = $1,000. If an employee's current salary is $10,000, their new salary after a 2% company-wise increase would be $10,000 + ($1,000 x ($10,000 / $50,000)), which is $10,000 + $200 = $10,200.