Janice was hired for a salary of 40,000 per year. At the end of the first year, she gets a raise of 8%. Unfortunately at the end of the second year the boss asks everyone to take a 5% pay cut from their second year salary what will Janice’s salary be for her third year on the job.

A. 38,000
B. 41,040
C. 41,200
D. 43,195