Question

Reggie is looking up yearly job benefits, the pay is $8.50 an hour for a 40- hour week. His employer also provides fridge benefits that amount to 19% of his yearly wage. The job also comes with expenses including, commuting costs, $419, Uniforms, $560, and parking, $430. What would be the total annual wage, amount of fringe benefits, expenses, and amount after benefits are added and expenses are deducted? Write answers in or separated by a comma.

Answer 1

hello

to solve this problem, we need to work out how much he earns weekly, and then work it up to annually

step 1

calculate the weekly wage into annual wage

he earns $8.50/h and works 40 hours in a week

weekly wage =

$\begin{gathered} 8.50\times40=340 \\ \text{ in 1 year, we have 52 weeks} \\ \text{annual wage =340}\times52=17680 \end{gathered}$

Raggie earns $17,680 annually

he gets fridge benefit of 19% of his annual wage

we need to find 19% of $17,680

$\begin{gathered} \frac{19}{100}=\frac{x}{17680} \\ 100\times x=19\times17680 \\ 100x=335920 \\ x=\frac{335920}{100} \\ x=3359.2 \end{gathered}$

he gets additional $3359.2 as fridge allowance

we can add up the total to know his total annual wage

total annual wage = wage + allowance = $17680 + $3359.5 = $21,039.2

his annual expense

commuting = $419

uniforms = $560

parking = $430

total expense = $419 + $560 + $430 = $1,409

net wage = gross wage - expenses

net wage =

$\begin{gathered} \text{net wage=} \\ 21039.2-1409=19630.2 \end{gathered}$

Reggie's annual wage after expenses = $19630.2