Asked by vishal patel on Apr 24, 2024
Michelle receives $32,000 per year as an assistant fast food manager.Her benefits include health insurance,paid holidays,retirement contributions,and a two-week paid vacation each year.Because she wears a uniform,Michelle calculates that she saves $2,500 on clothing costs per year.She constructed this table to show the value of each benefit.What is her annual salary,including benefits?
A) $32,000
B) $42,400
C) $4,690
D) $49,400
Paid Vacation
Employer-provided benefit that offers employees paid time off from work, allowing them personal time while still receiving their usual compensation.
Health Insurance
Insurance coverage that pays for medical and surgical expenses incurred by the insured, often provided by employers or purchased individually.
Retirement Contributions
Money set aside into retirement accounts, such as a 401(k) or IRA, often with tax advantages.
- Analyze the value of employee benefits and their impact on overall compensation.
Learning Objectives
- Analyze the value of employee benefits and their impact on overall compensation.
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