Question

Your beginning salary as an analyst in the HIM department is $12.50 per hour. You are due to receive a 3.5 percent cost-of-living raise in your next paycheck. Your performance evaluation is coming up in one month, and you believe you should get an additional 4 percent increase based on your excellent performance. What should your hourly wage be next week, and what do you anticipate it will be after your performance evaluation

Answer 1

Hourly wage be next week 12.94, After performance evaluation 13.46.

Step-by-step explanation:

As per values in the question,

$12.50 per hour,

3.5% cost-of-living,

4 % increase based on performance.

Wage of next week= ( 3.5%× 12.50 ) + 12.50 = 12.94

Performance evaluation wage

= ( 4%× 12.93) + 12.93= 13.46

Answer 2

$ 12.94, $ 13.46

Step-by-step explanation:

His pay was $ 12.50 per hour

his due to receive 3.5% percent cost of living pay rise

his hourly wage next week = ( 0.035 × $ 12.50 ) + $ 12.50 = $ 12.9375 approx $ 12.94.

his hourly wages after the performance evaluation will be = ( 0.04 × $ 12.9375) + $ 12.9375 = 13.455 approx $ 13.46