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QUESTION 4 of 10: Your union goes on strike. You lose $15,000 in wages from a $65,000 per year job as a result of not working during the strike. The strike concluded with a new contract providing a 5% wage increase for the next five years. This resulted in $18,000 in additional Income over five years. What was the net gain or loss for the employee?​

Respuesta :

Answer: increase by 3000 dollars

Explanation:

18000-15000= 3000 gained

abiolataiwo2015

The net gain  for the employee is $3,000 gain

Using this formula

Net gain or loss =(Loses in wages)+Additional Income

Where:

Loses in wages=-$15,000

Additional Income=$18,000

Let plug in the formula

Net gain or loss=-$15,000 +$18,000

Net gain or loss=$3,000 gain

Inconclusion The net gain  for the employee is $3,000 gain.

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