need answer for this question number 3

3How much did the company save by cutting back each position by

4hrs/week for the remainder of the year?

1E ach position will get a merit increase in January,

except for the Analyst

who will not receive their raise until August.

Figure their new base salary. 6 points

Position	Yearly Salary	% Raise	New Yearly Salary
ER Coder	$40,000	2%	40,800
Analyst	$28,500	2.5%	28737.50
File Clerk	$22,375	4%	23270

2T hey will need to reduce the number of hours for the department to

36 hours per position for the remaining 15 weeks of the year.

What is the new salary for each position? 12 points

HINT: Break this down to the hourly rate.

Position	Yearly Salary	Salary for last 15 weeks at 36hrs/week	New Yearly Salary
ER Coder	$40,800	10594.80	39625.74
Analyst	$29,212.50	7581.60	28367.46
File Clerk	$23,270	6042.60	22600.10

3How much did the company save by cutting back each position by

4hrs/week for the remainder of the year? 18 points

Position	Salary at 40hrs/week for 37 weeks	Salary for last 15 weeks at 36hrs/week	New Yearly Salary	Company Savings
ER Coder	$29,030.77
Analyst	$20,785.82
File Clerk	$16,557.50

TOTAL: $__________ 4 points