Problem:
The salary calculations obtained will be carried forward to your budget. 1. Each position will get a merit increase in January, except for the ROI Clerk, who will not receive a raise until August. Figure the new base salaries for each position. Calculate the "Raised Amount" and the "New Salary". Be sure to show your formulas. Position Salary per year % Raise Raised Amount New Salary Director $80,000.00 3% DRG Coordinator $58,240.00 2% Coder $45,760.00 2% ROI Clerk $31,200.00 2.5% Clerk $24,960.00 4% Formula: (Salary per year) * (% Raise/100) Original Salary = New Salary ROI Clerk Formula: (Salary per year) * (% Raise/100) = Result Result * 5/12 (Since they will not receive 7/12 months' worth of their raise) Original Salary = New Salary The New Salary of this section must be carried forward to your budget. Show how to do this note. NOTE: Be aware that the ROI Clerk Salary will need to be divided out into the monthly amounts for calculation in the budget. You did this in a prior assignment this semester.