8
QuizMultiple Choice

Employee Benefits

Question 8 • SHS Alt Personal Finance - 2021

Shaquil receives total employee benefits that are 13.5% of his gross annual pay. If Shaquil has a gross annual pay of $40,000, how much in total employee benefits does he receive?

Answer
A
$5.40
B
$54.00
C
$540.00
D
$5,400.00

Explanation

Convert 13.5% to a decimal: 0.135. Multiply by Shaquil’s gross annual pay: 0.135 × $40,000 = $5,400. Therefore, he receives $5,400.00 in total employee benefits, choice D.

AI-written and checked against the verified answer.

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