Question

Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $48,500 401K matched up to $2,500/year, $5,000 in bonuses $1,100 $200 How much income with benefits can she expect?

a. $43,500
b. $48,500
c. $53,500
d. $56,000

Answer 1

D) $56,000

Step-by-step explanation:

Amy's annual salary + benefits = annual salary + bonuses + 401K employer matched up contributions = $48,500 + $5,000 + $2,500 = $56,000

The 401K matched up contributions are considered a benefit because the employer has no legal obligation to pay them.