Question

You have agreed to hire a new employee from England. Part of the hiring agreement is to pay for moving costs. If the agreement was 10% of their salary to cover costs of moving and they were hired at $65,000/year. If moving costs totaled $6,000, did the employee receive enough money to cover their moving costs

Answer 1

Yes, the employee receives enough money to cover their moving costs.

Step-by-step explanation:

The following are given in the question:

Annual salary = $65,000

Percentage of salary agreed to pay as moving costs = 10%

Total moving costs paid by the new employee = $6,000

From the above, we have:

Moving costs agreed by the employer to pay the new employee = Annual salary * Percentage of salary agreed to pay as moving costs = $65,000 * 10% = $6,500

Since the $6,500 moving costs agreed by the employer to pay the new employee is greater than the $6,000 total moving costs paid by the new employee, the employee therefore receives enough money to cover their moving costs.