I have a question to the Newtown School question, particularly to the Salaries. I don’t understand why they divided by 2?
My calculation to Salries: Previous y/e : 620,000 One Leaver: (26,000) Total Salaries: 594,000 /9 months school year= 66,000. 66,000 * 5 months =330,000 .
2% Pay rise since 1st December,Salary increase +2% =(330,000*0.02)+330,000= 6,600+330,000 = $336,600. Add: 4 months normal salary: 66,000*4=$264,000. ————- $600,600.
Sir, I found in the result they have $599,940.? What do you think can I solve it my way?Is it correct?