Salary increase


Discussion 7: Salary Increase ChoicesUsing the Career Profiles website or the Bureau of Labor Statistics website as your source, find the median annual salaries of a job you might consider as career choices based on your future career plans. You may use the job salaries you chose in either Week 1 or Week 2, or you may find a new salary for this week’s discussion forum. Using that salary, answer the following questions:1. Your employer has told you that you have been doing well, and as a result, would like to offer you a three-year contract. This contract involves a 9% raise over the three years. You have two choices:First YearSecond YearThird YearChoice A3%3%3%Choice B2%4%3%Compute the salaries for each of the three years for both choices.2. Which choice has the greatest cumulative three-year total? Justify your answer by showing your work.3. You are not particularly happy with either of the two options, but your employer has said she cannot afford more than a 4% raise in any one year or 9% overall. You want to counter with a new offer that would stay within her guidelines but might be better financially for you. Present your offer below, being sure to show your mathematics.

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