# Employee Benefits Practice (Financial Math)

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question
Padraig receives total employment compensation of \$70,000 and had \$2,000 in job expenses. Which of the following could be true about Padraig's gross pay and total employee benefits?
His total employee benefits are 12.5% of his annual gross pay of \$64,000.
question
Which of the following employees has the largest gross pay? a. Employee A: Total employee benefits \$1,500 Total job benefits \$49,800 b. Employee B: Total employee benefits \$1,050 Total job benefits \$51,200 c. Employee C: Total employee benefits \$1,000 Total job benefits \$51,900 d. Employee D: Total employee benefits \$3,000 Total job benefits \$52,300 Please select the best answer from the choices provided
C
question
Describe how total job benefits and total employee compensation differ.
Total Job Benefits: Gross Pay+Total Employee benefits=Total Job benefits Total Job Compensation Total job benefits- Job expenses =Total employment compensation
question
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
He should pick company A because his total compensation will be more
question
Which of the following companies offers the greatest total employment compensation? Company A Company B Company C Company D Gross Pay \$41,600 \$40,800 \$41,300 \$42,000 Paid insurance \$1,800 \$2,400 \$2,000 \$2,100 Paid time off \$3,700 \$3,100 \$2,800 \$2,900 Job expenses \$2,000 \$1,800 \$800 \$2,500 a. Company A b. Company B c. Company C d. Company D Please select the best answer from the choices provided
C
question
KaiLynn has total job benefits of \$41,000 per year in her sales job. She pays \$63 each month for a cell phone for work. She is also required to purchase samples kits which cost \$235 each. If KaiLynn paid for 4 samples kits last year, what was her total employment compensation?
\$39,304
question
Which of the following employees has the greatest total employee compensation? a. Employee A: total job benefits \$49,200 and total job expenses \$300 b. Employee B: total job benefits \$49,500 and total job expenses \$500 c. Employee C: total job benefits \$ 49,800 and total job expenses \$700 d. Employee D: total job benefits \$50,100 and total job expenses \$900 Please select the best answer from the choices provided