Employee Benefits

Miguel's employer pays $1,825 in health insurance and $93 in life insurance per year. He also gets $2,860 in paid time off per year. His monthly gross pay is $3,890. What are Miguel's total job benefits per year?

$51,458

Employee benefits ______.

Increase total employment compensation

If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total employment compensation _____.

Increases by $1000

Leroy's total employee compensation was $50,150 last year. His total job expenses for traveling and for professional development for the year were $3,500. Which of the following represents his total job benefits?

NOT $46,650

Which of the following is the best thing to consider when making comparisons between job offers?

NOT Total job benefits

Job expenses

The amount that an employee contributes from his or her total job benefits for professional development, tools, and fees is referred to as job expenses.

Total job benefits

The total amount that a employer pays an employee which includes total employee benefits and gross pay is the total job benefits.

Total employee benefits

The total employee benefits are benefits paid to the employee, by the employer, as a dollar amount or a percent of an individuals gross pay.

Marisol receives total employee benefits that are 14.5% of her gross annual pay. If Marisol has a gross annual pay of $50,000, how much in total employee benefits does she receive?

$7,250

Which of the following is always a true statement?

NOT Total employee benefits - total job expenses = total employment compensation

Total employment compensation

The total employment compensation is the amount an employee receives after subtracting deductions from the total job benefits.

If total employee benefits are calculated as a percentage of their gross pay, which of the following employees receives the largest percentage of their gross pay in employee benefits?

Employee B: gross pay $32,900 , total job benefits $34,000

The gross pay, benefits and job expenses for two different employees are shown below. Employee A: gross pay $57,200, employee benefits $5,300, job expenses $800 Employee B: gross pay $56,900, employee benefits $6,200, job expenses $1,400 Which of the following is a true statement?

The total employment compensations for the two employees are the same.