Jon is a recent graduate who is considering accepting a position as Trauma Registrar at a large metropolitan medical center while he prepares to apply to graduate school. In making the decision, he considers the offer of $15 per hour for a 40-hour week, benefits of 27.5% of his salary, and tuition waivers of 6 credits per year at $145. He calculated that the total compensation would be

Question

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The total compensation is the sum of the salary, benefits, and tuition waivers. The salary is $15 per hour for a 40-hour week, which is $15 * 40 * 52 = $31,200. The benefits are 27.5% of the salary, which is $31,200 * 0.275 = $8,580. The tuition waivers are 6 credits per year at $145, which is $145 * 6 = $870. The total compensation is $31,200 + $8,580 + $870 = $40,650.

Jon Is a Recent Graduate Who Is Considering Accepting a Position