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Question
The CFO of a new company is working out the employment contracts for the company's Administrative Assistants' pay. The CFO knows that the staff will be making $1,000 per week, entitling them to $52,000 per year. However, out of that $52,000 per year, $5,000 must go into the company's employee savings program, with only the remainder being the gross take home pay before taxes.
As CFO, write a provision that will clearly explain the above by utilizing the numbers so that the employees will know exactly how much they are making, how much is being put into the company's employee savings program, and how much they will be earning after all is said and done.
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