Final answer:
To calculate Chloe's weekly wage, divide her annual salary by 52, which results in $1,400 per week. Her holiday loading is 17.5% of 4 weeks' pay, amounting to $980. After a 1% raise, Chloe's new salary is $73,528. Peter should consider his willingness for further education when choosing a career, and Mary Ann can save 10% of her income by budgeting carefully.
Step-by-step explanation:
Calculating Chloe's Weekly Wage and Holiday Loading
To calculate Chloe's weekly wage from her annual salary of $72,800, we divide the annual salary by the number of weeks in a year. Since there are 52 weeks in a year, Chloe's weekly wage is $72,800 ÷ 52 = $1,400 per week.
Now, for the holiday loading, we first calculate 4 weeks of pay, which is $1,400 × 4 = $5,600. The holiday loading is 17.5% of this amount, so Chloe's holiday loading is 17.5% of $5,600 = $980.
Finally, after a 1% increase in her annual salary, Chloe's new salary becomes $72,800 × 1.01 = $73,528.
Helping Peter Choose a Career Path
Peter needs to consider both the educational requirements and potential earnings of different positions to make the best decision for his future. While a crew person at McDowels might not require a high school diploma and offers flexibility, the financial analyst position requires a bachelor's degree but offers a higher annual gross salary. Peter should weigh his interest in further education against the potential for higher earnings and job stability.
Mary Ann's Budget Planning
For Mary Ann, saving 10% of her monthly after-tax income of $2,589.10 means putting aside $258.91 each month. When we deduct her total monthly expenses from her income, we can determine if she can afford to save this amount.