Author Question: At the beginning of a given year, the Shipping Department has four people, each paid 1,000 a month ... (Read 37 times)

cool · **on:** Jul 7, 2018

At the beginning of a given year, the Shipping Department has four people, each paid 1,000 a month In that year, each of these employees receives a monthly pay raise of 121 .

These raises are given March 1, June 1, August 1, and November 1, respectively. The raises increased the payroll cost for the year by
(a) 5
(b) 7
(c) 9
(d) 10

Question 2

Excluding state tax and Social Security, what gross payment would be required to yield an after-tax payment of 1,000 to an employee in a 20 tax bracket?

(a) 800
(b) 1,000
(c) 1,200
(d) 1,250