Maeisha works for Brown Corporation,where she earns $45,000.Her employer contributes 1% of her pay to her pension fund and pays the following monthly amounts for her insurance: health,$300;life,$50;AD&D,$25.She receives $40 per month for her gym membership and receives a $400 bonus at the end of the year.Brown Corporation pays employer-only taxes and insurance that comprises an additional 12% of Maeisha's annual salary.What is Maeisha's total annual compensation?

Question

Quizplus · Accepted Answer

Maeisha's total annual compensation is $45,000 + (45,000 x 0.01) + (300 x 12) + (50 x 12) + (25 x 12) + (40 x 12) + 400 + (45,000 x 0.12) = $56,230.00.

Maeisha Works for Brown Corporation,where She Earns $45,000