nika earns a gross pay of $73,000. her total employee benefits are 22% of her gross pay and she has no job…

nika earns a gross pay of $73,000. her total employee benefits are 22% of her gross pay and she has no job expenses. if nika gets an increase in pay of $5,000, what will her total employment compensation be? (note: employee benefits are based on nikas original gross pay.)\na. $78,000\nb. $79,100\nc. $94,060\nd. $95,160\n\nplease select the best answer from the choices provided\n\no a\no b\no c\no d

nika earns a gross pay of $73,000. her total employee benefits are 22% of her gross pay and she has no job expenses. if nika gets an increase in pay of $5,000, what will her total employment compensation be? (note: employee benefits are based on nikas original gross pay.)\na. $78,000\nb. $79,100\nc. $94,060\nd. $95,160\n\nplease select the best answer from the choices provided\n\no a\no b\no c\no d

Answer

Explanation:

Step1: Calculate the employee benefits

Employee benefits = 22% of original gross pay. Original gross pay is $73,000. So, employee benefits = 0.22×73000 = $16060.

Step2: Calculate the new gross pay

New gross pay = original gross pay+pay - increase. Original gross pay is $73,000 and pay - increase is $5,000. So, new gross pay = 73000 + 5000=$78000.

Step3: Calculate total employment - compensation

Total employment - compensation = new gross pay+employee benefits. New gross pay is $78,000 and employee benefits is $16,060. So, total employment - compensation = 78000+16060 = $94060.

Answer:

C. $94,060