an employee has an annual salary of $51,300. they receive $2,830 in health insurance and $4,600 in paid time…

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. $70,740 b. $70,970 c. $77,570 d. $78,170 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. $70,740 b. $70,970 c. $77,570 d. $78,170 please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate vehicle - reimbursement amount

The company reimburses $0.54 per mile and the employee drives 36000 miles. So the reimbursement amount is $0.54\times36000 = 19440$.

Step2: Calculate total compensation

The total compensation is the sum of the annual salary, health - insurance amount, paid - time - off amount, and vehicle - reimbursement amount. The annual salary is $51300$, health insurance is $2830$, paid time off is $4600$, and vehicle reimbursement is $19440$. Total compensation=$51300 + 2830+4600 + 19440$ $=51300+(2830 + 4600)+19440$ $=51300 + 7430+19440$ $=58730+19440$ $=78170$

Answer:

D. $78,170$