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.

Answer 1

The option that's true about Padraig’s gross pay and total employee benefits is "His total employee benefits are 12.5% of his annual gross pay of $64,000"

His annual gross pay is $64,000, his employment benefits will be:

= 12.5% × $64000

= 12.5/100 × $6400

= 0.125 × $64000

= $8000

Therefore, the annual compensation will be:

= $64000 + $8000

= $72000

In conclusion, the correct option is C.

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