which of the following companies offers the greatest total employment compensation? company a gross pay…

which of the following companies offers the greatest total employment compensation? company a gross pay $38,200 insurance $3,500 paid time off $4,100 company b gross pay $39,000 20% of gross pay in total employee benefits job expenses $700 company c gross pay $39,900 insurance $3,200 paid time off $3,900 job expenses $1,000 company d gross pay $39,400 18% of gross pay in total employee benefits a. company a b. company b c. company c d. company d

which of the following companies offers the greatest total employment compensation? company a gross pay $38,200 insurance $3,500 paid time off $4,100 company b gross pay $39,000 20% of gross pay in total employee benefits job expenses $700 company c gross pay $39,900 insurance $3,200 paid time off $3,900 job expenses $1,000 company d gross pay $39,400 18% of gross pay in total employee benefits a. company a b. company b c. company c d. company d

Answer

Explanation:

Step1: Calculate total compensation for Company A

Total = Gross pay+Insurance + Paid - time off Total = $38200 + 3500+4100=$45800$

Step2: Calculate total compensation for Company B

Employee - benefits = 20% of gross pay = $0.2\times39000 = 7800$ Total = Gross pay+Employee - benefits - Job expenses Total = $39000 + 7800-700=$46100$

Step3: Calculate total compensation for Company C

Total = Gross pay+Insurance + Paid - time off - Job expenses Total = $39900+3200 + 3900-1000=$46000$

Step4: Calculate total compensation for Company D

Employee - benefits = 18% of gross pay = $0.18\times39400 = 7092$ Total = Gross pay+Employee - benefits Total = $39400+7092=$46492$

Answer:

d. Company D