What is the value of a yearly compensation package that includes a $54,000 salary, the full cost of a $250-per-month health insu
rance plan, and the full cost of a $40-per-month life insurance premium?
A, 54,730
B, 54,290
C, 57,480
D, 57,040
2 answers:
Answer:
Option C. $57480
Step-by-step explanation:
Yearly compensation package includes salary, health insurance and full cost of life insurance.
Compensation package will include salary = $54000
Yearly premium of health insurance = $250×12 = $3000
and yearly cost of insurance premium = $40×12 = $480
So, Yearly package will be = Salary + health insurance + Insurance premium
= 54000 + 3000 + 480
= $57480
Option C $57480 is the answer.
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