Question

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 a. Company A b. Company B c. Company C d. Company D

Answer 1

Answer: Hello there:

Company A offers:

$38,200 in gross pay

$3,500 in insurance

$4,100 in paid off time

this adds to: $38,200 + $3,500 + $4,100 = $45,800

Company B offers:

$39,000 in gross pay

20% of the gross pay in employe beneffits; this is:

0.2*$39,000 = $7,800

-$700 in job expenses (these are uniforms, tools, and things like that, so this is not a "compensation")

this adds to:

$39,000 + $7,800 = $46,800

Company C offers:

$39,900 in gross pay

$3,200 in insurance

$3,900 in paid time off

$1000 in job expenses (these are uniforms, tools, and things like that, so this is not a "compensation")

this add to:

$39,900 + $3,200 + $3,900 =$47,000

Company D offers:

$39,400 in gross pay

18% of the gross pay in beneffits, this is:

0.18*$39,400 = $7,092

this adds to:

$39,400 + $7,092 = $46,492

So, the company that pays the most, in total, is company C.

Answer 2

Company C offers the greatest total employment compensation.

Explanation:

Now we calculate the greatest total employment compensation as follows:

Company A :

Gross pay - $38,200

Insurance - $3,500

Paid time off - $4,100

Total compensation = 38,200 + 3,500 + 4,100 = $45,800

Company B :

Gross pay - $39,000

Total employee benefit - 20% of 39,000 (0.20 × 3900) = $7,800

Job expenses - $700

Total compensation = 39,000 + 7,800 + 700 = $47,500

Company C :

Gross pay - $39,900

Insurance - $3,200

paid time off - $3,900

Job expenses- $1,000

Total compensation = 39,900 + 3,200 + 3,900 + 1,000 = $48,000

Company D:

Gross pay - $39,400

total employee benefits - 18% of 39,400 (0.18 × 39,400) = $7,092

Total compensation = 39,400 + 7,092 = $46,492

Therefore company c offers the greatest total employment compensation.