Question

Michelle receives 32K per year as an assistant fast food manager. Her benefits include health insurance, paid holidays, retirement contributions, and a 2-week paid vacation each year. Because she wears a uniform, Michelle calculates that she saves $2,500 on clothing costs per year. She constructed this table to show the value of each benefit. What is her annual salary, including benefits?

Answer 1

Answer:

The annual salary of Michelle including benefits = $48, 440

Step-by-step explanation:

Since, you have not specified the table to show the value of each benefit.

So, I am assuming this table as the reference table to show the value of each benefit.

Benefits Value Table:

       Benefit                          Value

            Health Insurance                                 $7,550

            Paid Holidays                                       $660

            Retirement Contributions                    $4,500

            Paid Vacation                                        $1,230

            Uniform Supplied                                  $2,500

Here are the benefits details from the table:

Michelle receiving per year without benefits =  $32000

Health Insurance as benefit = $7,550

Paid Holidays  as benefit = $660

Retirement Contributions as benefit = $4,500

Paid Vacation as benefit = $1,230

Uniform Supplied as benefit = $2,500

So, the amount she gets from benefits = $7,550 + $660 + $4,500 + $1,230 + $2,500 = $16,440

So, the annual salary, including benefits could be calculated as:

Michelle receiving per year without benefits =  $32000

The amount Michelle gets from benefits = $16,440

Michelle have annual salary including benefits  = $32000 + $16,440

                                                                               = $48, 440

Hence, the annual salary of Michelle including benefits = $48, 440

Keywords: calculation, salary, benefits, saving

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