EMPLOYEE BENEFITS EXAM QUESTIONS WITH COMPLETE
SOLUTIONS VERIFIED 100% GRADED A+
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?
$70,970
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 $800
Employee B: gross pay $56,900, employee benefits $6,200, job expenses $1,400
Which of the following is a true statement?
The total employment compensations for the two employees are the same.
If gross pay increases by $500, total employee benefits increase by $200 and total
job expenses decrease by $300, then total employment compensation _____.
increases by $1,000
Which of the following employees has the greatest total employee
compensation?
Employee B: total job benefits $68,400 and total job expenses $300
, Which of the following companies offers the greatest total employment
compensation?
Company A
Company B
Company C
Company D
Gross Pay
$37,600
$36,800
$38,100
$39,000
Paid insurance
$2,800
$2,400
$2,100
$1,800
Paid time off
$3,100
$3,600
$2,900
$2,500
Job expenses
SOLUTIONS VERIFIED 100% GRADED A+
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?
$70,970
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 $800
Employee B: gross pay $56,900, employee benefits $6,200, job expenses $1,400
Which of the following is a true statement?
The total employment compensations for the two employees are the same.
If gross pay increases by $500, total employee benefits increase by $200 and total
job expenses decrease by $300, then total employment compensation _____.
increases by $1,000
Which of the following employees has the greatest total employee
compensation?
Employee B: total job benefits $68,400 and total job expenses $300
, Which of the following companies offers the greatest total employment
compensation?
Company A
Company B
Company C
Company D
Gross Pay
$37,600
$36,800
$38,100
$39,000
Paid insurance
$2,800
$2,400
$2,100
$1,800
Paid time off
$3,100
$3,600
$2,900
$2,500
Job expenses
