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https://quizack.com/payroll/mcq/at-abc-school-the-current-salary-schedule-for-custodians-is-as-follows-step-1-12-47step-2-13-09step-3-13-75step-4-14-44step-5-15-16employees-are-moved-to-the-next-step-on-the-salary-schedule-annually-wages-for-the-year-have-increased-2-25-from-the-previous-school-year-employee-c-was-paid-on-step-2-for-the-previous-school-year-given-the-above-schedule-what-is-employee-c-s-pay-rate-for-the-current-school-year-upwork
Payroll At ABC School, the current salary schedule for custodians is as follows:
Step 1: $12.47
Step 2: $13.09
Step 3: $13.75
Step 4: $14.44
Step 5: $15.16
Employees are moved to the next step on the salary schedule annually. Wages for the year have increased 2.25% from the previous school year. Employee C was paid on Step 2 for the previous school year.
Given the above schedule, what is Employee C's pay rate for the current school year?
$15.04
$16.07
$12.02
$14.06
Answer:
$14.06
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