Employee Benefits Answers

Which of the following is always a true statement? a. total employee benefits - job expenses = total employment compensation b. gross pay + total job benefits = total employment compensation c. gross pay - job expenses = total employment compensation d. total job benefits - job expenses = total employment compensation Please select the best answer from the choices provided

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

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

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

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

Marisol receives total employee benefits that are 14.5% of her gross annual pay. If Marisol has a gross annual pay of $50,000, how much in total employee benefits does she receive?a.$72.50b.$725c.$7,250d.$57,250

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

Miguel’s employer pays $1,825 in health insurance and $93 in life insurance per year. He also gets $2,860 in paid time off per year. His monthly gross pay is $3,890. What are Miguel’s total employee benefits per year? a. $51,458 b. $46,680 c. $8,668 d. $4,778 Please select the best answer from the choices provided

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 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.