an employee has an annual salary of $48,700. they receive $1,530 in health insurance and $2,810 in paid time…

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?\na. $43,130\nb. $51,810\nc. $57,810\nd. $59,470\nplease select the best answer from the choices provided

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?\na. $43,130\nb. $51,810\nc. $57,810\nd. $59,470\nplease select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate annual vehicle - cost

Monthly vehicle - cost is $500. So annual vehicle - cost is $500\times12 = 6000$.

Step2: Calculate mileage reimbursement

The company reimburses $0.53$ per mile and the employee drives 9000 miles. So mileage reimbursement is $0.53\times9000=4770$.

Step3: Calculate total compensation

Annual salary is $48700$, health - insurance is $1530$, paid - time off is $2810$. Total compensation = Annual salary+Health insurance+Paid time off+Mileage reimbursement - Annual vehicle cost $=48700 + 1530+2810+4770 - 6000$ $=48700+(1530 + 2810+4770)-6000$ $=48700 + 9110-6000$ $=57810 - 6000$ $=51810$

Answer:

B. $51,810$