Question

Emile Zola is a senior manager for Timber Eye Industries in California. After his annual performance review, he receives a merit raise of 7.25% and a cost-of-living in of 2.2%. His annual salary after the increases was $87,609.50. Find Emile's: annual salary, merit increase, and cost-of-living increase.

Answer 1

Answer:

=5803.28$ and 1760.99 $

Step-by-step explanation:

Given that Emile Zola, a senior Manager for Timber eye industries in California got a merit raise of 7.25% and cost of living 2.2%

Total increase in percent = $7.25+2.2=9.45%$

After rise Emile salary is 87609.50 $

Let Emile salary -- 100

RIse                    --     9.45

Salary after rise --   109.45

THus we get if 109.45 is raised salary then merit increase =7.25

Hence for 87609.50, merit increase = $\frac{7.25(87609.5)}{109.45} =$=5803.28$

Similarly we have cost of living increase=

= $\frac{2.2(87609.5)}{109.45} =1760.99$