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Immediately reduces available cash because everyone is paid on payday without having to wait for checks to clear
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More Payroll MCQ Questions
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?