Question

Daniel got a new job through the Wescott Employment Agency. The job pays $56K annually, and the agency fee is 25% of the first 4 weeks’ pay. How much must Daniel pay the employment agency?

Answer 1

Daniel must pay the employment agency $1,076.92, which is 25% of his first four weeks' pay from his $56,000 annual salary.

Step-by-step explanation:

The question involves finding out how much Daniel must pay the Wescott Employment Agency from his annual salary of $56,000. The agency charges a fee equal to 25% of the first four weeks' pay.

First, we calculate Daniel's weekly pay by dividing his annual salary by the number of weeks in a year: $56,000 / 52 weeks = $1,076.92 per week. Then, the total pay for the first four weeks is $1,076.92/week x 4 weeks = $4,307.69. Now, we apply the 25% agency fee to this amount to find the fee Daniel owes: 25% of $4,307.69 = 0.25 x $4,307.69 = $1,076.92.

Therefore, Daniel must pay the employment agency $1,076.92 as their placement fee.