Question

You are a first year police officer in Swanton, Ohio.

You are earning a monthly
salary of $4718.

Next year you will be given a raise to $62147 annually.

How much more per month will you earn your second year?

Answer 1

$460.92

Explanation:

First year monthly salary = $4,718

Second year annual salary = $62,147

Second year monthly salary = Annual salary / 12

= $62,147 / 12

= $5,178.92

How much more per month will you earn your second year?

Amount of increase in second year monthly salary = Second year monthly salary - First year monthly salary

= $5,178.92 - $4,718

= $460.92