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The gross pay, benefits and job expenses for two different employees are shown below. Employee A: gross pay \( \$ 57,200 \), employee benefits \( \$ 5,300 \), job expenses \( \$ 800 \) Employee B: gross pay \( \$ 56,900 \), employee benefits \( \$ 6,200 \), job expenses \( \$ 1,400 \) Which of the following is a true statement? a. The total employment compensations for the two employees are the same. b. The total employment compensation for employee A is less than that of employee B. c. The total employment compensation for employee A is greater than that of employee B. d. The total employment compensations for the two employees can not be compared. Please select the best answer from the choices provided

Ask by Willis Ward. in the United States
Mar 11,2025

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The total employment compensation for Employee A is less than that of Employee B.

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1. First, compute the total employment compensation for each employee by summing the gross pay, the employee benefits, and the job expenses. 2. For Employee A: \[ \text{Total compensation} = \$57{,}200 + \$5{,}300 + \$800 = \$63{,}300. \] 3. For Employee B: \[ \text{Total compensation} = \$56{,}900 + \$6{,}200 + \$1{,}400 = \$64{,}500. \] 4. Comparing the totals: \[ \$63{,}300 < \$64{,}500. \] 5. Therefore, the total employment compensation for Employee A is less than that of Employee B. The best answer is b.

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To find the total compensation for each employee, we add their gross pay, benefits, and subtract their job expenses. For Employee A: Total = Gross Pay + Benefits - Job Expenses = \( 57,200 + 5,300 - 800 = 61,700 \) For Employee B: Total = Gross Pay + Benefits - Job Expenses = \( 56,900 + 6,200 - 1,400 = 61,700 \) Both Employee A and Employee B have the same total employment compensation of \( 61,700 \). So the correct statement is: a. The total employment compensations for the two employees are the same.

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