An Employee Earns $42,000

question 15

Multiple Choice

An employee earns $42,000. The annualized amount prior to a raise in pay is $3,500 per month. If the employee gets a 5% raise, then what would the new monthly payment be for that employee beginning with the October 1st payroll?

• A) $3,675
• B) $3,850
• C) $4,020
• D) $4,845