unit 1- employee benefits
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?
$7250
Which of the following companies offers the greatest total employment compensation?
COmpany D- gross pay $39400; 18% of gross pay in total employee bnefits
Which of the following employees has the greatest total employee compensation?
b. Employee B: total job benefits $68,400 and total job expenses $300
Which of the following is the best thing to consider when making comparisons between job offers?
d. total employment compensation
Which of the following is always a true statement?
d. total job benefits - total job expenses = total employment compensation
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 Migual's total job benefits per year?
$51458
Leroy's total employee compensation was $50,150 last year. His total job expenses for traveling and for professional developement for the year were $3,500. Which of the following represents his total job benefits?
$53650
You give up a full-time salary of $45,000 a year to go to school for 2 years. The total cost of going to school is $30,000. If you want to be able to recover your investment in 5 years or less, what is the minimum salary you would need to earn upon earning your degree?
$69,000
Nika earns a gross pay of $73,000. Her total employee benefits are 22% of her gross pay and she has no job expenses. If Nika gets an increase in pay of $5,000, what will her total employment compensation be? (Note: Employee benefits are based on Nika's original gross pay.)
$94060
James has a job with a current salary of $42,000. He wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year. He will go to school full time and will not be able to work. Upon graduation, James' new salary will be $56,000 per year. How many years will it take James to recover his investment?
10 years
Which of the following companies offers the greatest total employment compensation?
Company C 38100 2100 2900 300
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
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
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.
Which of these is an example of an employer using benefits to encourage employees to stay with the company?
d. The employer offers stock options, which require the employee to work for a specific amount of time before they vest.
