What will be the new hourly wage, Accounting Basics

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What will be the new hourly wage

Question: A full-time employee has a base salary of $14.25 per hour. During the employee's yearly evaluation, a 1.5% cost of living increase plus a 2% merit pay increase was granted, both to be added to the base salary. What will be the new hourly wage?

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Accounting Basics: What will be the new hourly wage

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