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15 March, 22:46

Your beginning salary as an analyst in the HIM department is $12.50 per hour. You are due to receive a 3.5 percent cost-of-living raise in your next paycheck. Your performance evaluation is coming up in one month, and you believe you should get an additional 4 percent increase based on your excellent performance. What should your hourly wage be next week, and what do you anticipate it will be after your performance evaluation

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  1. 15 March, 23:03
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    Hourly wage be next week 12.94, After performance evaluation 13.46.

    Explanation:

    As per values in the question,

    $12.50 per hour,

    3.5% cost-of-living,

    4 % increase based on performance.

    Wage of next week = (3.5% * 12.50) + 12.50 = 12.94

    Performance evaluation wage

    = (4% * 12.93) + 12.93 = 13.46
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