josie earns $52,000 per year, receives 15 days pto, 6% retirement matching, and receives 70% employer…

josie earns $52,000 per year, receives 15 days pto, 6% retirement matching, and receives 70% employer - subsidized health insurance which totals $10,000. calculate the benefit rate.\n\nemployee benefits\nhealth insurance 70%\nfica 7.65%\npaid vacation (pto) 15 days\nretirement matching 6%\n\nround to the nearest percentage point.

josie earns $52,000 per year, receives 15 days pto, 6% retirement matching, and receives 70% employer - subsidized health insurance which totals $10,000. calculate the benefit rate.\n\nemployee benefits\nhealth insurance 70%\nfica 7.65%\npaid vacation (pto) 15 days\nretirement matching 6%\n\nround to the nearest percentage point.

Answer

Answer:

24%

Explanation:

Step1: Calculate PTO value as a percentage

Assume a 260 - working - day year. PTO value percentage = $\frac{15}{260}\times100%\approx5.77%$

Step2: Sum up all benefit percentages

Total benefit percentage = $70%\text{ (health insurance)}+7.65%\text{ (FICA)} + 5.77%\text{ (PTO)}+6%\text{ (retirement matching)}\approx24.42%$

Step3: Round to the nearest percentage point

Rounding 24.42% gives 24%