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Padraig recelves total employment compensation of \( \$ 70,000 \) and had \( \$ 2,000 \) in job expenses. Which of the following could be true about Padraig's gross pay and total employee benefits? a. His total employee benefits are \( 2.8 \% \) of his annual gross pay of \( \$ 72,000 \). b. His total employee benefits are \( 2.9 \% \) of his annual gross pay of \( \$ 68,000 \). c. His total employee benefits are \( 12.5 \% \) of his annual gross pay of \( \$ 64,000 \). d. His total employee benefits are \( 13.3 \% \) of his annual gross pay of \( \$ 60,000 \). Please select the best answer from the choices provided

Ask by Chavez Turnbull. in the United States
Mar 11,2025

Solución de inteligencia artificial de Upstudy

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Padraig's total employee benefits are \(12.5\%\) of his annual gross pay of \$64,000.

Solución

We start by letting \[ G = \text{gross pay} \quad \text{and} \quad B = \text{total employee benefits}\,. \] An employee’s “total employment compensation” is usually the sum of the gross pay and the benefits. However, if the employee incurs unreimbursed job expenses, his net benefit will be lower. In this problem Padraig’s net benefit (after paying his \$2,000 in job expenses) is given as \$70,000. In other words, his total benefits from employment before paying the expense were larger by \$2,000. This gives us the equation \[ G + B - 2000 = 70000\,. \] Adding back the \$2,000 expense we have \[ G + B = 72000\,. \] Now, let’s check each option to see which pair \((G,\,B)\) satisfies the equation \(G + B = 72000\) (with \(B\) computed as the stated percentage of \(G\)). 1. Option (a): Gross pay is given as \(G = 72000\) and the benefits are \(2.8\%\) of gross pay. Thus, \[ B = 0.028 \times 72000 = 2016\,. \] Then, \[ G+B = 72000+2016=74016\,. \] This total is too high since we need it to be \(72000\). 2. Option (b): Here \(G = 68000\) and benefits are \(2.9\%\) of \(68000\): \[ B = 0.029 \times 68000 = 1972\,. \] Then, \[ G+B = 68000+1972=69972\,. \] This sum is too low. 3. Option (c): Now, \(G = 64000\) and benefits are \(12.5\%\) of \(64000\): \[ B = 0.125 \times 64000 = 8000\,. \] Then, \[ G+B = 64000+8000=72000\,. \] This exactly satisfies the required total compensation before job expenses. After subtracting the \$2000 expense, Padraig’s net benefit becomes \[ 72000-2000=70000\,, \] which is correct. 4. Option (d): For this choice \(G = 60000\) and benefits are \(13.3\%\) of \(60000\): \[ B = 0.133 \times 60000 = 7980\,. \] Then, \[ G+B = 60000+7980=67980\,. \] This sum is too low. Since only option (c) results in \(G+B=72000\) and then correct net compensation of \(72000-2000=70000\), the best answer is: \( \boxed{\text{c}} \).

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The Deep Dive

To determine which option could be true about Padraig's gross pay and employee benefits, we first need to calculate his net pay. Padraig's total compensation is \( \$70,000 \), and he had \( \$2,000 \) in job expenses. Therefore, his net pay is: \[ \text{Net Pay} = \text{Total Compensation} - \text{Job Expenses} = 70,000 - 2,000 = 68,000 \] Now, we can evaluate each option: a. \( 2.8\% \) of \( 72,000 = 0.028 \times 72,000 = 2,016 \) b. \( 2.9\% \) of \( 68,000 = 0.029 \times 68,000 = 1,972 \) c. \( 12.5\% \) of \( 64,000 = 0.125 \times 64,000 = 8,000 \) d. \( 13.3\% \) of \( 60,000 = 0.133 \times 60,000 = 7,980 \) Given Padraig's net pay is \( 68,000 \), option b shows a total employee benefit value that could align with him, given that the gross pay is lesser than the total compensation and the percentage calculated is reasonable. Thus, the answer is option **b**: His total employee benefits are \( 2.9\% \) of his annual gross pay of \( \$68,000 \).

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