Question

Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be provided in addition to the annual raise, if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour? Select: 1Save Answer $29.63 $28.15 $31.04 $28.22

Answer 1

$29.63

Step-by-step explanation:

Calculation for how much will Baldwin pay its employees per hour

First step is to find the Total raise percentage

Total raise = 5% + 0.25%

Total raise = 5.25%

Since the present wages is given as $28.15 Second step is to calculate how much will Baldwin pay its employees per hour

Amount Baldwin will pay = $28.15× (1+0525)

Amount Baldwin will pay = $28.15× (1.0525)

Amount Baldwin will pay = $29.63

Therefore how much will Baldwin pay its employees per hour will be $29.63