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Payroll Quiz 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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