Question

Gloria Adams is starting a new job. She will be paid $10.50 per hour. She plans to work 40 hours per week for 60 weeks a year. What will her gross yearly pay be? The value of the benefits Gloria will receive amounts to 30 percent of her gross pay. What will the value of her benefits be? What is the total value of the pay and benefits Gloria will receive?

Answer 1

Gross yearly pay = $25,200

Benefits = $7,560

Total value = $25,200 + $7,560 = $32,760.

Explanation:

We know that she will be paid $10.50 an hour. Assuming she works 40 hours per week, that amounts to $420. Multiply that by 60 weeks a year and we get $25,200.

To find the benefits, you simply multiply $25,200 by 0.30 to get $7,560.

Then, the total value is found by just adding the two numbers together as such.