Pay raise?

Question

i got a pay raise of 3.5% i was wondering how much more per paycheck that is if the average pay check i recieve is about 850$ bi weekly.

Answer 1

about $30 more a pay check...give or take a few cents.

Answer 2

About $30.

Answer 3

32.7$

Answer 4

It's a raise of $29.75 a paycheck (before taxes, etc), so you will likely pocket an extra $25 per check.

If you pretend you got a 1.5% pay CUT instead, you can start putting that $25 plus another $12 in a mutual fund earning 8-12% a year. It'll grow into more than a quarter of a million dollars in 25 or 30 years...