Question

If i continue to meet my performance goals i will receive a $300 bonus each month. My annual salary is $40,000 so if i meet my goals each month my total bonus will give me an overall salary increase of

Answer 1

12 months of bonuses:

12 * 300 = 3600


overall salary increase:

(3600 + 40000)/40000 = 1.09

109% salary increase


percentage bonus is of salary:

3600/4000 = 0.09

9% of your overall salary will come from bonus