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lilavasa [31]
3 years ago
10

The gross pay, benefits and job expenses for two different employees are shown below. Employee A: gross pay $57,200, employee be

nefits $5,300, job expenses $800 Employee B: gross pay $56,900, employee benefits $6,200, job expenses $1,400 Which of the following is a true statement?a. The total employment compensations for the two employees are the same.
b. The total employment compensation for employee A is less than that of employee B.
c. The total employment compensation for employee A is greater than that of employee B.
d. The total employment compensations for the two employees can not be compared..
Business
1 answer:
Lemur [1.5K]3 years ago
4 0

Answer:

a. The total employment compensations for the two employees are the same

Explanation:

Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.

Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.

In the given case,

<u>Compensation for Employee A</u>:

= Gross Pay + Employee benefits - Job expenses

= $57200 + 5300 - 800

=  $ 61,700    

Similarly,

Compensation for Employee B:

= Gross Pay + Employee benefits - Job expenses

= $56,900 + $6200 - $ 1400

= $61,700

Thus, employment compensation for both A and B are the same.

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Explanation:

The amount left for consumption spending is known as disposable income or take-home pay less savings .The disposable income is the income left after taxes have been paid to relevant tax authority.The computation of amount left for consumption is done below:

Gross income                                           $40,221

Tax at 11%(11%*$40,221)                            ($4424.31 )

Disposable income                                   $35,796.69

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($35,796.69*8%)                                          ($2,863.74)

Amount left for consumption spending     $32,932.95

This is not mean that I have to spend this $32,932.95 during the month, there might some investments  I want to my money on to yield more returns.

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Answer: 75,000 units

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Come up with an expression to solve this.

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The retailer/store pays the interchange rate.
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