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An engineers compensation package includes the total cost of a $175 per month health insurance plan, the total cost of a $55-per-month life insurance plan, and a salary of $55,000 per year. What is the yearly value of the compensation pack.

A.54,750
B.57,600
C.57,305
D.57,760

User Illishar
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1 Answer

3 votes

Answer:

D.) 57,760

Explanation:

1st) There are 12 months in a year. So we know that we can multiply 175 dollars by 12. That will give us $2,100 per year.

2nd) Since there are 12 months in a year, we will also multiply 55$ by 12. That will give us $660 per year.

3rd) Towards the end of the math problem it says there is also a salary of $55,000 per year.

4th) Now that we have $2,100 per year of health insurance plan, $660 per year life insurance, and $55,000 salary per year, we need to add these together to find the value of the compensation pack.

$2,100 + $660 + 55,000 This will lead to the answer D.)$57,760

User Shifa Khan
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