1E ach position will get a merit increase in January 2020. Figure their new base salary for 2020. See the sample for the formula. Use 1.03 to calculate the raise. The 1 is for the original rate of $50,000 and the .03 is for the 3% raise. You could also do $50,000*.03 and add that to the original salary. Try it both ways!. Position Salary per year 9% Raise New Salary 2020 Sample 50,000 3% 50,000" 1.03 = $51,500 ER Coder $40,000 2% Analyst $23,500 2.5% File clerk $22,3?5 4%