a company hires an employee with a family of 4 for a salary of $140,000 over 3 other candidates. if the…

a company hires an employee with a family of 4 for a salary of $140,000 over 3 other candidates. if the employee sold her house for $330,000, what is the total recruiting expense? recruitment costs interview costs $2,000 per person job posting fee $1,000 1st year fee 10% real estate fee 6% of sales price shipping fee $4,000 family travel cost $400 per person

a company hires an employee with a family of 4 for a salary of $140,000 over 3 other candidates. if the employee sold her house for $330,000, what is the total recruiting expense? recruitment costs interview costs $2,000 per person job posting fee $1,000 1st year fee 10% real estate fee 6% of sales price shipping fee $4,000 family travel cost $400 per person

Answer

Explanation:

Step1: Calculate interview costs

There are 4 candidates (the hired - one and 3 others). Interview cost per person is $2,000. So, interview cost = $2,000×4 = $8,000.

Step2: Add job posting fee

Job posting fee is $1,000.

Step3: Calculate 1st year fee

1st year fee is 10% of the salary. Salary is $140,000. So, 1st year fee = 0.1×$140,000 = $14,000.

Step4: Calculate real - estate fee

Real - estate fee is 6% of the sales price of the house. House sales price is $330,000. So, real - estate fee = 0.06×$330,000 = $19,800.

Step5: Add shipping fee

Shipping fee is $4,000.

Step6: Calculate family travel cost

The employee has a family of 4. Family travel cost per person is $400. So, family travel cost = $400×4 = $1,600.

Step7: Calculate total recruiting expense

Total recruiting expense = $8,000 + $1,000+$14,000 + $19,800+$4,000 + $1,600 = $48,400.

Answer:

$48,400