Employee Benefits Answers

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Which of the following employees has the greatest total employee compensation?

A
Employee A: total job benefits $68,100 and total job expenses $100
B
Employee B: total job benefits $68,400 and total job expenses $300
C
Employee C: total job benefits $68,700 and total job expenses $800
D
Employee D: total job benefits $69,000 and total job expenses $1,000
3

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?

A
Employee A: gross pay $32,600 , total job benefits $33,600
B
Employee B: gross pay $32,900 , total job benefits $34,000
C
Employee C: gross pay $33,400 , total job benefits $33,900
D
Employee D: gross pay $33,700 , total job benefits $34,700
10

Employee benefits ______.

A
decrease total employment compensation
B
increase total employment compensation
C
decrease net pay
D
increase net pay
11

Which of the following is always a true statement?

A
total employee benefits - job expenses = total employment compensation
B
gross pay + total job benefits = total employment compensation
C
gross pay - job expenses = total employment compensation
D
total job benefits - job expenses = total employment compensation
12

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

A
gross pay
B
total employee benefits
C
total job benefits
D
total employment compensation

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