Real-Life Math -- Solution
Sweden
At 80 percent of her salary for the first
year, how much would the librarian earn in the first year?
Earnings
= $42,000 per year x 0.80 = $33,600
However, we need to check if
this exceeds the daily ceiling of $98 per day.
Daily salary = $42,000
/ 365 days =$115.07 per day
$115.07 x 0.80 = $92.06 per day
Since
$92.06 is below the ceiling of $98 per day, she would receive the full 80
percent of her salary.
She would earn $33,600 in the first year of her
child's life, and she would be at home with her child the whole year.
Germany
At
67 percent of her salary for up to 12 months, how much would the librarian
earn in the first year of her child's life?
Monthly salary = $42,000
/ 12 = $3,500 per month
Monthly parental benefit = $3,500 x 0.67 = $2,345
Annual
parental benefit = $2,345 x 12 = $28,140
The librarin would earn
$28,140 in the first year of her child's life while staying home the entire
time.