An employee earns $2400 in gross wages each month. For medical and dental insurance, the employee pays $42 per month and the employer pays $627 per month. Total compensation is the amount of gross wages plus the amount that the employer pays for insurance. Find the total compensation per year for the employee. .
A) $36,324
B) $35,820
C) $36,828
D) $20,772

Question

Quizplus · Accepted Answer

Total compensation = Gross wages + Employer's insurance contribution= $2400 + $627= $3027 per monthTotal compensation per year = $3027 x 12= $36,324

An Employee Earns $2400 in Gross Wages Each Month