11
QuizLong Text

Employee Benefits

Question 11 • SHS Alt Personal Finance - 2021

Phillipe has two job offers as given below and really has no preference for either company. Compare the total compensations for the job offers and explain which job you think Phillipe should accept and why. Company A Gross pay $62,000 Medical insurance $3,400 Paid time off $8,000 Retirement $2,700 Job expenses $800 Company B Gross pay $60,000 25% of gross pay in employee benefits

Answer

Answer:

Company A offers $75,300 in total compensation, compared with $75,000 from Company B. Phillipe should accept Company A because it provides $300 more total compensation.

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