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An employee has an annual salary of $48,700. They receive $1,530 in health insurance and $2,810 in paid time off per year. They drive their personal vehicle for work which costs them $500 per month, but the company reimburses them $0.53 per mile for the total work miles driven. If the employee drives 9,000 miles for work for the year, what will be their total employment compensation? a. $43,130 b. $51,810 c. $57,810 d. $59,470 Please select the best answer from the choices provided A B C D

User NikiC
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2 Answers

3 votes

Answer:

B

Step-by-step explanation:

Just took test

User Aagjalpankaj
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3.5k points
2 votes

Answer:

B) $51,810

Step-by-step explanation:

employee compensation:

annual salary = $48,700

health insurance = $1,530

paid time off = $2,810

mileage rate = 9,000 x $0.53 = $4,770

total $57,810

total employment compensation:

employment compensation = $57,810

vehicle expenses = 12 months x $500 = ($6,000)

total $51,810

User Maurizio Cucchiara
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4.0k points