Question

Mr. Nicholson accepts a job that pays an annual salary of $60,000. In his employment contract, he is given the option of choosing a) an annual raise of $3,500 or b) an annual raise of 5% of his current salary.

Answer 1

He should choose a) an annual raise of $3500.

This is because if you take 5% of $60,000 its only $3,000