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

which of the following companies offers the greatest total employment compensation?company agross pay $38,200insurance $3,500paid time off $4,100company bgross pay $39,00020% of gross pay in total employee benefitsjob expenses $700company cgross pay $39,900insurance $3,200paid time off $3,900job expenses $1,000company dgross pay $39,40018% of gross pay in total employee benefitsa. company ab. company bc. company cd. company d

which of the following companies offers the greatest total employment compensation?company agross pay $38,200insurance $3,500paid time off $4,100company bgross pay $39,00020% of gross pay in total employee benefitsjob expenses $700company cgross pay $39,900insurance $3,200paid time off $3,900job expenses $1,000company dgross pay $39,40018% of gross pay in total employee benefitsa. company ab. company bc. company cd. company d

Answer

Explanation:

Step1: Calculate Company A's total compensation

Add gross pay, insurance, and paid time off. $$38,200 + $3,500 + $4,100 = $45,800$

Step2: Calculate Company B's total compensation

First find benefits, then add to gross pay, subtract job expenses. Benefits: $0.20 \times $39,000 = $7,800$ Total: $$39,000 + $7,800 - $700 = $46,100$

Step3: Calculate Company C's total compensation

Add gross pay, insurance, paid time off, subtract job expenses. $$39,900 + $3,200 + $3,900 - $1,000 = $46,000$

Step4: Calculate Company D's total compensation

Find benefits, then add to gross pay. Benefits: $0.18 \times $39,400 = $7,092$ Total: $$39,400 + $7,092 = $46,492$

Step5: Compare all totals

$$45,800 < $46,000 < $46,100 < $46,492$

Answer:

d. Company D