Rick Palmer Received a $2,500 Raise This Year

question 92

Multiple Choice

Rick Palmer received a $2,500 raise this year.This increased his salary as an associate TV producer from $45,000 to $47,500.What percentage increase in nominal income did Rick receive?

• A)2.5 percent
• B)5.3 percent
• C)5.6 percent
• D)7.8 percent

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Definitions:

Urgency

A measure of how pressing or immediate a task, problem, or situation is, often requiring swift action or attention.

Implicit

Suggested or understood without being directly expressed or stated, often inferred from actions or context.

Budget Cuts

The reduction in the amount of funding allocated, often necessitating prioritization and financial planning adjustments.

Ask For Clarification

The act of requesting additional information or explanation to ensure understanding.