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Increase Merit Pay: Instructions -Employee A and B receive the same performance grades -Employee A...

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Finance

Increase Merit Pay: Instructions -Employee A and B receive the same performance grades -Employee A and B will be awarded a 5 percent merit pay increase -Please calculate Employee A's 5% raise and his new salary -Please calculate the 5% increase for employee B and his new salary -Remember that they are two different types of employees Employee A Employee B Hourly wage = $8.50 Annual wage = $32,000 5% increase 5% increase Increase = Increase = New salary = New salary =

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