Question

An employee has an annual salary of $48,700. They receive $1,530 in health insurance and $2,810 in paid time off per year. They drive their personal vehicle for work which costs them $500 per month, but the company reimburses them $0.53 per mile for the total work miles driven. If the employee drives 9,000 miles for work for the year, what will be their total employment compensation? a. $43,130 b. $51,810 c. $57,810 d. $59,470 Please select the best answer from the choices provided A B C D

Answer 1

Answer:

B) $51,810

Explanation:

employee compensation:

annual salary =                        $48,700  

health insurance =                      $1,530

paid time off =                             $2,810

mileage rate = 9,000 x $0.53 = $4,770

total                                            $57,810

total employment compensation:

employment compensation =                   $57,810

vehicle expenses = 12 months x $500 = ($6,000)

total                                                             $51,810