Final answer:
The Perfection Tax Service provides employees with $12.50 as supper money for each day of overtime work, totaling $312.50 annually. This is in addition to their regular salary and should be accounted for when budgeting or calculating total income for tax purposes.
Step-by-step explanation:
The Perfection Tax Service provides supper money of $12.50 to employees for each day of overtime worked, which is estimated to be about 25 days annually. This supper money is a type of compensation for additional hours worked and is typically given to cover meal expenses during overtime. If we calculate the total amount received for the year by an employee for supper money, it would be 25 days times $12.50, which equals $312.50. This amount is part of the employee's total compensation and is separate from their regular wages/salary.
Understanding the additional compensation, such as this supper money, is essential for budgeting and tax purposes. For instance, when you receive a paycheck of $1500 every two weeks, but after all taxes, you have only $1000, the net income is what you use for your budget. Similarly, the supper money should be considered alongside regular wages when accounting for total earnings. Government benefits, as seen in the examples with Susan's income and government support, also play a role in total income calculations but do not apply to this question about overtime meal compensation.