Question

Which of the following companies offers the greatest total employment compensation? Company A Company B Company C Company D Gross Pay $37,600 $36,800 $38,100 $39,000 Paid insurance $2,800 $2,400 $2,100 $1,800 Paid time off $3,100 $3,600 $2,900 $2,500 Job expenses $1,200 $600 $300 $800 a. Company A b. Company B c. Company C d. Company D Please select the best answer from the choices provided A B C D

Answer 1

Answer:

• Company C

Explanation:

To calculate the total employment compensation each company offers, add all the corresponding benefits and subract all the corresponding expenses:

                         Company A   Company B   Company C   Company D

Gross Pay          $37,600        $36,800         $38,100         $39,000

Paid insurance  $2,800           $2,400          $2,100           $1,800

Paid time off      $3,100             $3,600         $2,900          $2,500

Job expenses   $1,200             $600            $300              $800

Company A:

• $37,600 + $2,800 + $3,100 - $1,200 = $42,300

Company B:

• $36,800 + $2,400 + $3,600 - $600 = $42,200

Company C:

• $38,100 + $2,100 + $2,900 - $300 = $42,800

Company D:

• $39,000 + $1,800 + $2,500 - $800 = $42,500

The greatest total employment compensation is that of Company C ($42,800)