You Accept a New Job with a Starting Salary of $36,000

question 6

Multiple Choice

You accept a new job with a starting salary of $36,000. You receive a 4.4% raise at the start of your second year, a 7.3% raise at the start of your third year, and a 9.3% raise at the start of your fourth year. Find your salary for the fourth year.

• A)$44,078.10
• B)$43,214.60
• C)$43,732.70
• D)$44,423.50
• E)$44,768.90

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Definitions:

Customers List

A compiled record of individuals or entities that purchase goods or services from a business.

Delayed Charges

Charges for goods or services that are incurred at one time but billed at a future date.

While Entering Transactions

Refers to the act of recording financial events or changes in the financial status of a business at the time those transactions occur.

Accounts Receivable Aging Report

A report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.