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How Do You Calculate A Raise? [Solved]
ExampleFirst, multiply the percentage by the employee’s current annual wages: $50,000 X .08 = $4,000.Next, add the employee’s current annual salary to the raise amount: $50,000 + $4,000 = $54,000.Take the employee’s new annual salary and divide it by 26: $54,000 / 26 = $2,076.92.•3 Jun 2022
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