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jarptica [38.1K]
3 years ago
11

Which of the following might not be an option for increasing your present income? (1 point)requesting a promotion requesting a m

erit increase in pay quitting your job to find another looking for a better job without quitting your old job
Business
1 answer:
Alenkasestr [34]3 years ago
7 0
Answer – Quitting your job to find another
Quitting your job to find another might not be an option for increasing your present income. As a matter of fact, doing so lead to a reduction of income if a less-paying job is found after quitting the current one, or worse still total lack of income if no job is found after quitting the present job. In simple terms, if you quit your present job, there is no guarantee that you’ll find a better one. A more feasible option would be to start looking for a better job without quitting your old job. Better still, if the options are available, you may request a promotion at your present job or request a merit increase in pay.
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Question Continuation

Complete the schedule showing the distribution of net income, assuming net income is $54,000

Answer:

McGill takes $31,540

Smyth takes $22,460

Total: $54,000

Explanation:

Salary Allowance

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Smyth: $14,000

Total Salary Allowance = $33,000

Interest Allowance

McGill: $54,000 x 10% = $5,400

Smyth: $48,000 x 10% = $4,800

Total Interest Allowance = $5400 + $4,800 = $10,200

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Smyth: $18,800 ($14,000 + $4,800)

Sum = $43,200

Remaining income

McGill = $10,200 x 70% = $7,140

Smyth: $10,200 x 30% = $3,060

Total division between McGill and Smyth

McGill takes $31,540

Smyth takes $22,460

Total: $54,000

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