Question

An entry level PR specialist's annual pay is $46,124

based on 52 weeks per year. Due to the economy, his company is having to cut back on the number of weeks that it employs its PR specialists. If the firm cuts the work year to 50 weeks but keeps the same rate of pay, how much should the PR specialist expect his annual pay to decrease? Round your answer to the nearest dollar.

Answer 1

$1,774

Explanation:

The decrease is 2 weeks out of 52, or 1/26 of the annual pay:

decrease = (1/26)($46,124) = $1,774

The PR specialist should expect his annual pay to decrease by $1774.