Lindsay’s job is in a pay range with a low end of $41,000, a high of $54,000 and a midpoint of $__________.
Lindsay makes $27.00 per hour and works a flat 37 hours per week.
What is Lindsay’s compa-ratio? ____________
a. $47,500 and 109%
b. $47,500 and 1.09%
c. $48,000 and 89%
d. $47,500 and 91%
Correct Answer is A: $47,500 and 109%
To find the midpoint: $41,000 + $54,000 = $95,000 x .5 = $47,500 – midpoint.
Next, we need Lindsay’s salary. $27 x 37 = $999/week x 52 = $51,948 annually.
To find Lindsay’s compa-ratio we must: $51,948 / $47,500 = 1.09 x 100 = 109%
