Suppose the annual salaries of three people are: Employee #1$45,192Employee #2$42,308Employee #3 (half-time)$20,192? What are their salaries if they are given a 4% raise, and then the result is rounded to the nearest $1,000 using Hamilton's plan with a cap on the total salaries of $113,000? ?

Question

A. Employee #1               $47,000Employee #2               $21,000Employee #3 (half-time)   $45,000?
B. Employee #1               $45,000Employee #2               $47,000Employee #3 (half-time)   $21,000?
C. Employee #1               $45,000Employee #2               $21,000Employee #3 (half-time)   $47,000?
D. Employee #1               $47,000Employee #2               $45,000Employee #3 (half-time)   $21,000?
E. Employee #1               $21,000Employee #2               $45,000Employee #3 (half-time)   $47,000?

Answer 1

Answer: D