Question

What is the value of yearly compensation package that includes $65,000 salary the forecast of a $350 Dollar per month health insurance plan in the forecast of a $30 per month life insurance premium?

Answer 1

$69560

Explanation:

The yearly compensation package includes a yearly salary of $65000, the health insurance plan of $350 per month and a life insurance premium of $30 per month.

Total compensation in health insurance plan is $(350 × 12) = $4200

Total compensation in life insurance premium is $(30 × 12) = $360

Therefore, total yearly compensation package is $(65000 + 4200 + 360) = $69560 (Answer)