Answer:
[tex]Reduction = \$3300[/tex]
Step-by-step explanation:
Given
[tex]Pay\ for\ 52\ weeks = \$55,640[/tex]
Required
Determine the reduction when paid is reduced to 49 weeks
First, we need to determine the weekly pay
[tex]Weekly\ Pay = \frac{\$55,640}{52}[/tex]
[tex]Weekly\ Pay = \$1070[/tex]
Next, is to determine the pay for 49 weeks;
[tex]Pay = Weekly\ Pay * 49[/tex]
[tex]Pay = \$1070 * 49[/tex]
[tex]Pay = \$52430[/tex]
Subtract the 49 week pay from 52 weeks pay to get the payment reduction;
[tex]Reduction = \$55640 - \$52340[/tex]
[tex]Reduction = \$3300[/tex]