Question

Jeannine jacoby is a web designer (salary level 3) for epd, inc. during her review, she received a 3.2% cost-of-living increase and a 5.2% merit increase. calculate her new salary.

Answer 1

The data required to complete the question is as follows:

Salary details

Salary Level Data Entry Web Designer Systems Analyst Project Leader

1 $28,500 $35,000 $40,000 $60,000

2 $30,000 $38,000 $44,000 $65,000

3 $31,500 $41,000 $48,000 $70,000

Answer : Jeannine Jacoby's new salary is $44,444.

We follow these steps to arrive at the answer:

Since Jeannie is a level 3 web designer, her salary is $41,000.

Cost-of-living increase = 3.2%

$Cost-of-living increase in dollars = 1312 (41000 * 0.032)$

Merit increase = 5.2%

$Merit increase in dollars = 2132 (41000 * 0.052)$

$New salary = Old salary + Cost-of-living increase + Merit increase$

$New Salary = 44,444 (41000 + 1312 +2132)$