Employee Benefits Answers

An employee has an annual salary of $51,300. They receive $2,830 in health insurance and $4,600 in paid time off per year. They drive their personal vehicle for work which costs them $600 per month, but the company reimburses them $0.54 per mile for the total work miles driven. If the employee drives 36,000 miles for work for the year, what will be their total employment compensation?a.$70,740b.$70,970c.$77,570d.$78,170

Trevor’s total employment compensation is $33,500. If Trevor has no job expenses and his gross pay is $28,600, then his total employee benefits are _____% of his gross pay.a.4.9b.8.5c.14.6d.17.1

Which of the following companies offers the greatest total employment compensation? Company ACompany BCompany CCompany DGross Pay$37,600$36,800$38,100$39,000Paid insurance$2,800$2,400$2,100$1,800Paid time off$3,100$3,600$2,900$2,500Job expenses$1,200$600$300$800a.Company Ab.Company Bc.Company C d.Company D

If total employee benefits are calculated as a percentage of their gross pay, which of the following employees receives the largest percentage of their gross pay in employee benefits? a. Employee A: gross pay $32,600 , total job benefits $33,600 b. Employee B: gross pay $32,900 , total job benefits $34,000 c. Employee C: gross pay $33,400 , total job benefits $33,900 d. Employee D: gross pay $33,700 , total job benefits $34,700 Please select the best answer from the choices provided

Which of these is an example of an employer using benefits to encourage employees to stay with the company?a.The employer provides paid time off, which the employee must use in the calendar year.b.The employer provides benefits which are in line with the standard benefits provided by other employers in the industry.c.The employer matches the amount of money that the employee pays towards Social Security.d.The employer offers stock options, which require the employee to work for a specific amount of time before they vest.

Leroy's total job benefits were $50,150 last year. His total job expenses for traveling and for professional development for the year were $3,500. Which of the following represents his total employment compensation? a. $46,650 b. $47,650 c. $50,150 d. $53,650 Please select the best answer from the choices provided

Which of the following employees has the greatest total employee compensation?a.Employee A: total job benefits $68,100 and total job expenses $100b.Employee B: total job benefits $68,400 and total job expenses $300c.Employee C: total job benefits $68,700 and total job expenses $800d.Employee D: total job benefits $69,000 and total job expenses $1,000

If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total employment compensation _____. a. increases by $400 b. increases by $700 c. increases by $800 d. increases by $1,000 Please select the best answer from the choices provided

Brendon had total job benefits of $39,500 last year. He was required to wear a shirt with the company logo on it for work that he was responsible for buying. Brendon purchased 12 shirts for work during the year at a cost of $23.95 each. He was also required to attend a training at a cost to him of $135. What was Brendon’s total employment compensation last year?a.$39,077.60b.$39,212.60c.$39,341.05d.$39,922.40

Nika earns a gross pay of $73,000. Her total employee benefits are 22% of her gross pay and she has no job expenses. If Nika gets an increase in pay of $5,000, what will her total employment compensation be? (Note: Employee benefits are based on Nika's original gross pay.) a. $78,000 b. $79,100 c. $94,060 d. $95,160 Please select the best answer from the choices provided