Question

Jon earns $60,000 per year and receives a pay raise. His new salary is $61,200. How much more will he earn per pay period if he is paid monthly?

a) $100
b) $200
c) $400
d) $1,200

Answer 1

Jon received an annual pay raise from $60,000 to $61,200. The monthly increase is calculated by dividing the annual difference of $1,200 by 12 months, resulting in an extra $100 per month.

Step-by-step explanation:

Jon's original annual salary was $60,000, and after a pay raise, his new salary became $61,200. To determine how much more Jon will earn per pay period, assuming he is paid monthly, we will first calculate the difference in annual salary and then divide by the number of months in a year.

The increase in his salary is:

1. $61,200 (new salary) - $60,000 (original salary) = $1,200 (increase in annual salary)
2. Since there are 12 months in a year, we’ll divide the annual increase by 12 to find the monthly increase: $1,200 / 12 months = $100 per month

Therefore, Jon will earn $100 more each month.