2007-01-14 10:41:57 · 10 answers · asked by kikipot 2 in Business & Finance ➔ Other - Business & Finance
Well I'm not sure if you're asking for something more specific, but to find a 5% increase on anything else, multiply by 1.05.
So, if you're getting a 5% increase on your hourly pay, multiply your hourly wage by 1.05. If you're talking a 5% increase in your salary altogether, you'd have to figure about how many hours you work per week and how many weeks to figure a yearly (or monthly, whatever) salary and then multiply by 1.05
2007-01-14 10:47:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Take your hourly wage and multiply it by 2080 (Number of work hours in a year based on 40 hours per week and 52 weeks a year).
Take the result from above and multiply by 1.05 to give you the new salary based on the 5% increase.
2007-01-14 10:46:03 · answer #2 · answered by Scottee25 4 · 0⤊ 0⤋
Calculate My Hourly Wage
2016-11-15 03:43:32 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Do you mean you just want to calculate your new annual salary, after a 5% increase?
You can use the google search box as a calculator.
For example, if your annual salary is 20,000
If you enter 20000 x 1.05
Google displays 20 000 x 1.05 = 21 000
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If you earn 7.50 an hour and work 40 hours a week for 50 weeks a year and you get a 5% increase (i.e. you are going to earn 1.05 times your old salary), you can enter
7.50 x 1.05 x 40 x 50 then click search
It displays 7.50 x 1.05 x 40 x 50 = 15 750
2007-01-14 10:49:08 · answer #4 · answered by ricochet 5 · 0⤊ 0⤋
Multiply your hourly wages by .05 to see how much that would be, or 1.05 to see what your new wage is.
A good rule of thumb is to multiply your hourly wage by 2080 hours per year if you work a standard 40 hours a week, to see what your yearly salary is.
2007-01-14 10:47:29 · answer #5 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Take your hourly wage and multiply it by 1.05
OR you can find 5% of your current wages by multiplying it by .05 then taking that number and adding it to your current hourly wage.
Its the same thing only two different ways to get there.
2007-01-14 10:47:46 · answer #6 · answered by Tumbling Dice 5 · 0⤊ 0⤋
Hourly wage x 52 x .05 is how much you would have in a salary increase.
2007-01-14 10:45:39 · answer #7 · answered by quatrapiller 6 · 0⤊ 0⤋
Multiply the hourly wages by 1.05
2007-01-14 10:47:16 · answer #8 · answered by Laoren 2 · 0⤊ 0⤋
uhh.. take the wage and add 5%.
example:
7.25 per hour plus 5% equals $7.61 per hour.
multiply that by weekly hours to get weekly wage.
EX: 40 X $7.61 equals $304.00 per week.
2007-01-14 10:47:29 · answer #9 · answered by Anonymous · 0⤊ 0⤋
you would use (what i make now)*(1.05)
2007-01-14 10:46:21 · answer #10 · answered by Dashes 6 · 0⤊ 0⤋