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- I want answer with explanation... I'll upvote you... I want typed answer only... Question) SALARY Ms. Acosta received a job as a teacher with a starting salary of $34,000. According to her contract, she will receive a 1.5% increase in her salary every year. How much will Ms. Acosta earn in 7 years?Show work! A job pays $45,000 for the first year with an annual increase of 1.15% per year beginning in the fourth year. What is the total salary paid over a twenty-year period? Round to the nearest dollar. T(Ctrl)-6. Boilermaker Design, Inc. (BD) has an employment contract with its newly hired CEO. The contract requires a lump sum payment of $5 million be paid to the CEO upon the successful completion of her first three years of service. BD wants to set aside an equal amount of money at the end of each year to cover this anticipated payment and will earn 8% on the funds. How much must BD set aside each year for this purpose?
- The mean annual salary for employees at a company is $39,000. At the end of the year, each employee receives a $1000 bonus and a 5% raise (based on salary). What is the new mean annual salary (including the bonus and raise) for the employees?If these employees were hired for the entire year which payperiod will they reach the maximum for the year. a) 1150\Wkly b) 900 Biweekly c) 1200 Biweekly d) 2200 weekly e) 6000 monthly f) 4000 monthlyDSD Corp. has the following salary information for 3 employees: Employee Years Worked Avg. Salary last 3 years of service Career avg. salary Sheila 15 $45,000 $40,000 Jake Bobby 20 $150,000 $110,000 25 $325,000 $200,000 If relevant, the annual payout is 5%, and the annual benefit is $3,000 per year of service. Calculate the annual benefit for each employee assuming Final pay formula A. Employee Annual Benefit Sheila Jake Bobby $33,750 $125,000 $406,250 B. Employee Annual Benefit Sheila Jake Bobby O C. Employee Annual Benefit $33,750 $150,000 $407,250 Sheila Jake Bobby $43,750 $150,000 $406,250 D. Employee Annual Benefit Sheila $33,750 Jake Bobby $150,000 $406,250
- A business is deciding whether to give an end-of-year bonus of $5000 each year for the next four years to an employee, in order to increase the number of sales that employee makes. What is the minimum extra profit the employee must generate this year for the bonus to be worthwhile over the next four years, if the discount rate is 7%? O A. $18,600 OB. $16,936 OC. $12,263 O D. $14,480 OE. $20,0003. Mary is hired by ABC Company on 1/1/85. She is eligible to qualify for the company's new hire bonus program. If an employee qualifies at year-end, she will receive a cash bonus payable in two equal install- ments, half on January 1 and half on July 1. The first-year bonus is $2,000 and increases by $2,000 each year. Assuming Mary qualified each year (i.e., she received her first payments on 1/1/86) and deposited her bonus in an account that pays an 8% annual effective rate of interest, what is the accumulated value of her bonus payments through 7/1/90? A. Less than $33,500 B. At least $33,500, but less than $33,750 C. At least $33,750, but less than $34,000 D. At least $34,000, but less than $34,250 E. At least $34,250new employee charged $2960 on his credit card to relocate for his first job. After noticing that the interest rate for his balance was 21% compounded monthly. hat account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 2 years? b. How much total interest will he have paid? a. What monthly payment must he make to pay off the account at the end of 2 years? $4 (Round to the nearest cent as needed.) b. How much total interest will he have paid? (Round to the nearest cent as needed.) Enter your answer in each of the answer bOxes.
- Question: Mr Rayan’s Salary structure is as follows: Basic salary Tk. 30,000 Provident Fund @ 5% of Basic Annual Increment 10% It is decided by the company that an employee will be entitled with gratuity if he continues his employment for at least 4 years. What will be the gratuity amount if Mr Rayan quits the job after 5 years?A company grants employees 8 sick days per year. Sick days may be used as soon as they are earned and unused days may be carried over to the following year. Sick time is paid at the rate in effect when the days are taken, but are accrued at the rate in effect when they are earned. The following information pertains to the 20 employees of the company, who each work 8-hour days: Year Pay rate Sick days earned/employee Sick days taken/per employee 2020 $15.00 8 5 2021 17.00 8 7 a. Prepare the journal entry to record the sick pay earned in 2020. b. Prepare the journal entry to record sick days taken in 2020. c. Determine the liability for sick pay that the company would report on 12/31/20. d. Prepare the journal entry to record the sick pay earned in 2021. e. Prepare the journal entry to record sick days taken in 2021. f. Determine the liability for sick pay that the company would report on 12/31/21..Assuming the employee makes 100k per year. 7% is the employees investment, 14% from the employer. 2-1 You start at 27 years old and retire at 60 (33 years ) Average APR of 7% *I need the highlighted question answered