4. Killian Manufacturing awards merit increases based on performance and uses a sliding scale for cost-of-living adjustments. Employees at Killian who earn
less than $18,000 receive a cost-of-living adjustment of 7.5%. Employees who earn
$18,000 to $25,000 receive a cost-of-living adjustment of 6.5%. Employers who
earn $25,000 or more receive a cost-of-living adjustment of 6.3%. Find the COLA and
new annual salary for these five Killian employees. Their merit increases are given.