You currently earn $11.50 per hour. Assuming that you work 40-hour weeks with no raises, what total gross salary will you earn in the next five years? (there are 52 weeks in 1 year)

First find your yearly gross pay: $11.50 × 40 hours × 52 weeks = $23,920. Over five years with no raises, you will earn $23,920 × 5 = $119,600. The correct choice is $119,600.

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