A Survey Conducted in January,2013 Found the Median Pay Effective

Multiple Choice

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

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