Question

: If staff salaries were $32,000/month last year and $47,000/month this year, what is the total yearly labor cost increase?

Answer 1

$15,000 for the month this is actually more simple than you might think, i just subtracted 32 from 47 to get your answer. And if you need to know the amount for the whole year, it would be an $180,000 increase each year.