Question

Padraig receives total employment compensation of $70,000 and had $2,000 in job expenses. Which of the following could be true about Padraig’s gross pay and total employee benefits? a. His total employee benefits are 2.8% of his annual gross pay of $72,000. b. His total employee benefits are 2.9% of his annual gross pay of $68,000. c. His total employee benefits are 12.5% of his annual gross pay of $64,000. d. His total employee benefits are 13.3% of his annual gross pay of $60,000. Please select the best answer from the choices provided A B C D

Answer 1

Answer:

C

Explanation:

Answer 2

Answer: Option C

Explanation:

The total compensation along with benefits are $72000. When the employee benefits calculated the annual gross pay given in option C . 12.5% interest calculated on $64000 will give total compensation of $72000.

Calculation of total compensation

Employee benefits = $64000 x 12.5/100

                               =$8000

Annual compensation= $64000 +$8000

                                    =$72000