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what is the average hourly pay of someone making $45,000per year. Assuming wage growth of 5% a year, how much would he make the second year

Sagot :

san250shi

Answer:

When it’s time for annual performance reviews, if you plan on including pay raises, you need to know the simple math behind calculating pay increases correctly. Raises can be based on any number of things including a worker’s piers, standard industry rates, length of time on the job, the amount of work to do, and even whether or not the boss likes the employee or not. There are few, if any, laws that govern how and when increases are granted, so it’s up to you to determine what you’re willing to give.

mhanifa

Answer:

  • See below

Step-by-step explanation:

Assume the person works 40 hours a week and 52 weeks a year.

The hourly pay would be:

  • $45000 ÷ (40*52) =
  • $45000 ÷ 2080 =
  • $21.63

The yearly income the second year:

  • $45000 + 5% =
  • $45000*1.05 =
  • $47250
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