A Survey Conducted in January 2013 Found That the Median

Multiple Choice

A survey conducted in January 2013 found that the median pay effective January 1, 2013, for a clerk was $22,000 and that the forecast rate of wage increases in the market for 2013 was 5 percent and another 5 percent for 2014.An employer choosing to follow a lead strategy of 4 percent above the market for the plan year will need to _____.

A) multiply the salary by 105 percent and then by 109 percent
B) increase the clerk salary by $2,200
C) multiply the salary by 109 percent
D) multiply the salary by 114 percent