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You will also receive a 4 merit increase on your

Question - Your base salary is $63,500.Your new union contract includes a 2% increase for each of the next 3 years at the start of the fiscal year with a 3% increase being added immediately. You will also receive a 4% merit increase on your anniversary date which is March. What will be the budget for your salary next year when the fiscal year starts in January?

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Accounting Basics: You will also receive a 4 merit increase on your

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