Math Problem Statement
Her annual salary is $72800. A- calculate her weekly wage. B- holiday loading is calculated at 17.5% of four weeks pay, calculate her holiday loading. C- employer Increased her annual salary by 1%. What is the new annual salary. D- the increase in her annual salary is compensation for removing holiday loading. Explain why she is worse off financially with 1% increase.
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Calculation
Salary Calculation
Holiday Loading
Formulas
Weekly wage = Annual salary ÷ 52
Holiday loading = 0.175 × (4 × Weekly wage)
New salary = Annual salary + (0.01 × Annual salary)
Theorems
-
Suitable Grade Level
Grades 10-12
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