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  3. an employee earns $24,000. the annualized amount p

An employee earns $24,000. The annualized amount prior to a raise in pay is $2,000...

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Question

Accounting

An employee earns $24,000. The annualized amount prior to a raise in pay is $2,000 per month. If the employee gets a 3% raise, then what would the new monthly payment be for that employee beginning with the October 1st payroll?

$2,060

$3,020

$1,050

$4,010

Answer & Explanation Solved by verified expert
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