Answer:
Explanation:
Flat Raise: With a flat raise, you will determine how much additional money you would be getting as a flat sum, which adds to your annual salary. You can also figure out weekly, bi-weekly, or semi-monthly pay by dividing the yearly amount by the appropriate period. But if math isn’t your strong suit, our pay raise calculator will automatically determine that for you.
For example, let’s say that your gross annual wages are $30,000, with weekly payments of $577 going your way. You currently have 33 hours per week on average, and your employer proposes to give you a flat raise of $1,200. You want to determine how much their weekly pay will be and how much more you will ultimately receive. Add their current gross wages to the Current Pay with the Pay Period set to Annual. Insert the Flat Raise amount of $1,200 and press “Calculate.” You’ll get a new weekly payment of $600 with a total difference of $23.