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An IT Department employs 8 people at an average salary of $80,000 yearly. The company pays yearly bonuses equal to 15% of the employee's annual salary. Does the maximum individual bonus payment due to an employee in the IT department exceed $10,000?
(1) The average salary of the five lowest paid and one highest paid IT employee is $93,600.
(2) IT employee salaries run from 65% to 135% of the average department salary.
[spoiler]OA=B[/spoiler]
Source: Princeton Review
(1) The average salary of the five lowest paid and one highest paid IT employee is $93,600.
(2) IT employee salaries run from 65% to 135% of the average department salary.
[spoiler]OA=B[/spoiler]
Source: Princeton Review
