Employee Benefits Answers

Which of the following is always a true statement?

An employee has an annual salary of $51,300. They receive $2,830 in health insurance and $4,600 in paid time off per year. They drive their personal vehicle for work which costs them $600 per month, but the company reimburses them $0.54 per mile for the total work miles driven. If the employee drives 36,000 miles for work for the year, what will be their total employment compensation?

If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total employment compensation _____.

Trevor’s total employment compensation is $33,500. If Trevor has no job expenses and his gross pay is $28,600, then his total employee benefits are _____% of his gross pay.

If total employee benefits are calculated as a percentage of their gross pay, which of the following employees receives the largest percentage of their gross pay in employee benefits?

Marisol receives total employee benefits that are 14.5% of her gross annual pay. If Marisol has a gross annual pay of $50,000, how much in total employee benefits does she receive?

Nika earns a gross pay of $73,000. Her total employee benefits are 22% of her gross pay and she has no job expenses. If Nika gets an increase in pay of $5,000, what will her total employment compensation be? (Note: Employee benefits are based on Nika's original gross pay.)

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 Miguel’s total employee benefits per year?

Leroy's total job benefits were $50,150 last year. His total job expenses for traveling and for professional development for the year were $3,500. Which of the following represents his total employment compensation?

Which of these is an example of an employer using benefits to encourage employees to stay with the company?

Employee benefits ______.

Brendon had total job benefits of $39,500 last year. He was required to wear a shirt with the company logo on it for work that he was responsible for buying. Brendon purchased 12 shirts for work during the year at a cost of $23.95 each. He was also required to attend a training at a cost to him of $135. What was Brendon’s total employment compensation last year?

Which of the following is the best thing to consider when making comparisons between job offers?

The gross pay, benefits and job expenses for two different employees are shown below.Employee A: gross pay $57,200, employee benefits $5,300, job expenses $800Employee B: gross pay $56,900, employee benefits $6,200, job expenses $1,400Which of the following is a true statement?a.The total employment compensations for the two employees are the same.b.The total employment compensation for employee A is less than that of employee B.c.The total employment compensation for employee A is greater than that of employee B.d.The total employment compensations for the two employees can not be compared..

Which of the following companies offers the greatest total employment compensation? Company A Gross pay $38,200 Insurance $3,500 Paid time off $4,100 Company B Gross pay $39,000 20% of gross pay in total employee benefits Job expenses $700 Company C Gross pay $39,900 Insurance $3,200 Paid time off $3,900 Job expenses $1,000 Company D Gross pay $39,400 18% of gross pay in total employee benefits

Which of the following companies offers the greatest total employment compensation? Company ACompany BCompany CCompany DGross Pay$37,600$36,800$38,100$39,000Paid insurance$2,800$2,400$2,100$1,800Paid time off$3,100$3,600$2,900$2,500Job expenses$1,200$600$300$800