Question

Stephen got a new job through an employment agency. The job pays $41,236 per year. The agency fee is 15% of the first 5 weeks pay.

How much will Stephen pay to the agency?

Answer 1

$594.75

Explanation:

Given

yearly salary of Stephen= $41,236

No of weeks in a year = 52

Therefore, one week salary of Stephen = $41,236/52 = $793

to get one week salary divide total salary by number of weeks

5 weeks salary of Stephen = 5*793 = $ 3,965

agency fees = 15% of Stephen's 5 week salary

(15/100)*($ 3,965) = $594.75

Therefore, Stephen has to pay $594.75 to the agency.