Question

Miguel’s employer pays $1,825 in health insurance and $93 in life insurance per year. He also gets $2,860 in paid time off per year. His monthly gross pay is $3,890. What are Migual’s total job benefits per year? a. $51,458 b. $46,680 c. $8,668 d. $4,778 Please select the best answer from the choices provided A B C D.

Answer 1

The job benefits are the benefits received by an employee by working in an organisation. These benefits includes health insurance , life insurance , salary , paid time off etc.

State the Step-by-step explanation:

Given,

Health insurance payment  is $1,825

Life insurance per year is $ 93

Paid off per year is $2,860

Monthly gross pay is $3,890

The calculation of Total benefits is as under:

$\begin{aligned} \rm Miguel's\: yearly\: payments &= \rm health \:insurance + life\: insurance + paid \:time \:offMiguel's\: yearly\: payments &= \ 1825 + \ 93 + \ 2860Miguel's\: yearly\: payments &= \ 4778 \end$

Monthly gross pay is $ 3,890 and the calculation of yearly gross pay is as under:

$\begin{aligned} \rm Yearly \: gross\: pay &=\rm Monthly\:gross\:pay \times Total\:months\\\rm Yearly \: gross\: pay &= \ 3,890 \times 12\\ \rm Yearly \: gross\: pay&= \ 46,680 \end$

The calculation of total job benefit will be done by adding total benefits and the yearly gross pay.

$\rm Total\: job \:benefit = \ 46,680 + \ 4778\\\\ Total\: job \:benefit = \ 51,458$

                             

Therefore , Migual’s total job benefits per year are $51,458 and option A is correct.

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