Solve the Problem. -Employees of a Publishing Company Received an Increase in Salary

question 148

Multiple Choice

Solve the problem.
-Employees of a publishing company received an increase in salary of 8% plus a bonus of $800. Find the total annual pay after the increase for an initial salary of $800.

• A) $13,760
• B) $12,800
• C) $10,370
• D) $22,400

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Definitions:

Securities Exchange Act

A U.S. law governing the trading of securities (stocks, bonds, and securities futures) to protect investors against manipulation.

Insider Trading

The unauthorized use of secret information for making profitable trades on the stock market to benefit oneself.

Exemption From Registration

A situation where a party is relieved from the requirement to register information or activities with a governmental or regulatory authority.

Components Assembly Corporation

A business specializing in the process of assembling parts to create finished products, often in the manufacturing sector.