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.) a. $78,000 b. $79,100 c. $94,060 d. $95,160

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.) a. $78,000 b. $79,100 c. $94,060 d. $95,160

Answer

Explanation:

Step1: Calculate employee benefits

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

Step2: Calculate new gross - pay

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

Step3: Calculate total employment compensation

Total employment compensation = New gross - pay+Employee benefits. New gross - pay is $78000 and employee benefits is $16060. So, total employment compensation = 78000 + 16060=94060$.

Answer:

c. $94,060