03: annual rates of pay (in dollars) Effee
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1

Transcribed Image Text:CAI-03: annual rates of pay (in dollars)
Effective date
S) January 26, 2014
A) January 26, 2015
B) January 26, 2016
C) January 26, 2017
X) Wage adjustment:
January 26, 2017
D) January 26, 2018
E) January 26, 2019*
Y) Wage adjustment:
January 26, 2019*
·
Step 1
6 Years
3 Years
5 Years
4 Years
Step 2
91,829
92,977
94,139 96,665
95,316
97,873
103,894
106,682
94,293
95,472
Step 3
Step 6
96,827
99,436
104,872
98,037 100,679
106,183
99,262 101,937 104,683 107,510
100,503 103,211 105,992
108,854
109,548 112,500
115.531
118,651
Step 4
105,193 108,016 110,917 113,906
107,297 110,176 113,135 116,184
108,155 111,057 114,040 117,113
Step 5
102,115
103,391
Step 7
107,706
109,052
110,415
111,795
121,857
In 2014, Parmjeet started with Prabjot Institution as Civil Inspector. Her salary is
$119,000 per annum. How many years where she in the red circle zone?
116.975 120,134 123,380
119,315 122,537 125,848
120,270 123,517 126,855
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