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You get hired for a job through ACME Employment Agency. You signed a contract that requires you to pay 20% of your first 6 weeks pay. The job pays you $42,700 per year. How much must you pay ACME for their
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Oct 12, 2023
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You get hired for a job through ACME Employment Agency. You signed a contract that requires you to pay 20% of your first 6 weeks pay. The job pays you $42,700 per year. How much must you pay ACME for their services?
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Assuming you get paid every week.
Total num of weeks in a year = 52
Therefore weekly salary = 42,700/52 = 821.15
Salary of first 6 weeks = 821.15 * 6 = 4926.92
20% of first 6 weeks salary = 0.2 * 4926.92 =985.38
You must pay the ACME $985.38
Deeb
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Oct 18, 2023
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