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Dan got a new job. The job pays $34,500 per year. The agency fee is equal to ________ of 1 month pay. How much must he pay the agency?

Option 1: 20%
Option 2: 25%
Option 3: 28%
Option 4: 30%

User Grasaved
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1 Answer

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Final answer:

To calculate the agency fee for Dan's job, take the annual salary of $34,500, divide it by 12 to get the monthly salary, and multiply that by the agency's percentage fee. For example, at 20%, the fee would be 20% of $2,875, which is $575.

Step-by-step explanation:

To calculate the agency fee that Dan must pay, we first need to determine his monthly pay. To do this, we divide his annual salary by the number of months in a year. Dan's annual salary is $34,500, so his monthly pay is:

$34,500 ÷ 12 months = $2,875 per month.

Now, depending on the percentage rate given by the agency (whether it's 20%, 25%, 28%, or 30%), we calculate the fee by applying that percentage to Dan's monthly pay of $2,875.

Let's explore the calculation for each option:

Option 1: 20% of $2,875 = 0.20 x $2,875 = $575

Option 2: 25% of $2,875 = 0.25 x $2,875 = $718.75

Option 3: 28% of $2,875 = 0.28 x $2,875 = $805

Option 4: 30% of $2,875 = 0.30 x $2,875 = $862.50

Therefore, based on the options provided, the agency fee will be one of the amounts given above, corresponding to the agreed percentage rate.

User Mike Yang
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