A Survey Conducted in January,2007 Found the Median Pay Effective

A survey conducted in January,2007 found the median pay effective January 1,2007,for a clerk was $20,000 and the forecast rate of wage increases in the market for 2007 of was 5% and another 5% for 2008.An employer choosing to follow a lead strategy of 4% above the market for the plan year,will need to _____.

A) multiply salary by 105% and then by 109%
B) increase the clerk salary by $2,000
C) multiply the salary by 109%
D) multiply the salary by 114%

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