Calculating Salary Increases and Percentages

The video tutorial explains how to calculate the percentage increase in salary using a simple formula. It provides examples for both hourly rate and salaried employees, demonstrating the calculation process step-by-step. The tutorial concludes with a reminder that the calculations do not account for taxes or other deductions.

What is the formula for calculating the percentage increase in salary?

• Increase amount divided by old salary times 100

• New salary divided by increase amount times 100

• Old salary divided by increase amount times 100

• Increase amount divided by new salary times 100

What is the first step in calculating a salary increase percentage?

• Add the increase amount to the old salary

• Multiply the increase amount by 100

• Subtract the old salary from the new salary

• Divide the increase amount by the old salary

What is the first step in calculating a salary increase percentage?

• Subtract the old salary from the new salary

• Divide the increase amount by the old salary

• Add the increase amount to the old salary

• Multiply the increase amount by 100

If an hourly employee's rate increases from $14.85 to $15.65, what is the increase amount?

• $0.80

• $0.90

• $0.50

• $1.00

If an employee's hourly rate increases by $0.80, what is the new hourly rate if the old rate was $14.85?

• $15.65

• $15.85

• $15.45

• $15.25

How do you calculate the percentage increase for an hourly rate employee?

• Divide the new rate by the old rate and multiply by 100

• Divide the increase amount by the old rate and multiply by 100

• Divide the increase amount by the new rate and multiply by 100

• Divide the old rate by the increase amount and multiply by 100

What is the percentage increase if an hourly rate goes from $14.85 to $15.65?

• 7.39%

• 6.39%

• 5.39%

• 4.39%

What is the final step in calculating the percentage increase?

• Divide the new salary by the old salary

• Subtract the old salary from the new salary

• Multiply the result by 100

• Add the increase amount to the old salary

For a salaried employee, what is the increase amount if their salary goes from $41,000 to $43,700?

• $2,800

• $2,500

• $3,000

• $2,700

If a salaried employee receives a $2,700 raise, what is their new salary if the old salary was $41,000?

• $43,700

• $43,000

• $44,000

• $42,700