Employee Benefits

Brendon had total job benefits of $39,500 last year. He was required to wear a shirt with the company logo on it for work that he was responsible for buying. Brendon purchased 12 shirts for work during the year at a cost of $23.95 each. He was also required to attend a training at a cost to him of $135. What was Brendon's total employment compensation last year? a. $39,077.60 b. $39,212.60 c. $39,341.05 d. $39,922.40

(A) $39,007.60

Leroy's total job benefits were $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 employment compensation? a. $46,650 b. $47,650 c. $50,150 d. $53,650

(A) $46,650

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? a. $51,458 b. $46,680 c. $8,668 d. $4,778

(A) $51,458

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? a. The total employment compensations for the two employees are the same. b. The total employment compensation for employee A is less than that of employee B. c. The total employment compensation for employee A is greater than that of employee B. d. The total employment compensations for the two employees can not be compared..

(A) The total employment compensations for the two employees are the same.

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? a. Employee A: gross pay $32,600, total job benefits $33,600 b. Employee B: gross pay $32,900, total job benefits $34,000 c. Employee C: gross pay $33,400, total job benefits $33,900 d. Employee D: gross pay $33,700, total job benefits $34,700

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

Which of the following employees has the greatest total employee compensation? a. Employee A: total job benefits $68,100 and total job expenses $100 b. Employee B: total job benefits $68,400 and total job expenses $300 c. Employee C: total job benefits $68,700 and total job expenses $800 d. Employee D: total job benefits $69,000 and total job expenses $1,000

(B) Employee B: total job benefits $68,400 and total job expenses $800

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? a. $72.50 b. $725 c. $7,250 d. $57,250

(C) $7,250

Which of these is an example of an employer using benefits to encourage employees to stay with the company? a. The employer provides paid time off, which the employee must use in the calendar year. b. The employer provides benefits which are in line with the standard benefits provided by other employers in the industry. c. The employer matches the amount of money that the employee pays towards Social Security. d. The employer offers stock options, which require the employee to work for a specific amount of time before they vest.

(D) The employer offers stock options, which require the employee to work for a specific amount of time before they vest.

If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total employment compensation _____. a. increases by $400 b. increases by $700 c. increases by $800 d. increases by $1,000

(D) increases by $1,000

Which of the following companies offers the greatest total employment compensation? Company A -Gross pay $38,200 -Insurance $3,500 -Paid time off $4,100 Company B -Gross pay $39,000 -20% of gross pay in total employee benefits -Job expenses $700 Company C -Gross pay $39,900 -Insurance $3,200 -Paid time off $3,900 -Job expenses $1,000 Company D -Gross pay $39,400 -18% of gross pay in total employee benefits

(D) Company D