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