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A bonus is an arrangement which gives working people an extra payout, sometimes once a year, sometimes several times in a year. One of the most common types of single bonus given out is a Christmas, or holiday, bonus. You can sometimes make an arrangement with your employer to receive it at a different time.

The bonus you receive is usually equal to a portion of your regular monthly salary, at least $50$ %.

Example 1

**Saul Seal’s salary for the year is $\text{\$}\text{}24\phantom{\rule{0.17em}{0ex}}000\text{}$. The company policy is that employees also receive $\text{}8.5\text{}\phantom{\rule{0.17em}{0ex}}\text{\%}$ of their annual regular salary as a holiday bonus. **

**How much will Saul’s holiday bonus be? **

$$\begin{array}{llll}\hfill & \text{Holidaybonus2023}\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & =\text{Totalannualsalary}\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & \phantom{\rule{2em}{0ex}}\times \text{percentageofannualsalary}\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & =24\phantom{\rule{0.17em}{0ex}}000\times 0.085\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & =2040\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\end{array}$$

$$\begin{array}{llll}\hfill \text{Holidaybonus2023}& =\text{Totalannualsalary}\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & \phantom{\rule{2em}{0ex}}\times \text{percentageofannualsalary}\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & =24\phantom{\rule{0.17em}{0ex}}000\times 0.085\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\\ \hfill & =2040\phantom{\rule{2em}{0ex}}& \hfill & \phantom{\rule{2em}{0ex}}\end{array}$$

Mr. Seal will receive $$2040$ for his holiday bonus.