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If total employee benefits are calculated as a percentage of their gross pay, which of the following employ ocs receevereal the: largest percentage of their gross pay in employee benelits? a. Employee A: gross pay \( \$ 32,600 \), total job benefits \( \$ 33,600 \) b. Employee B: gross pay \( \$ 32,900 \), total job benefits \( \$ 34,000 \) c. Employee C: gross pay \( \$ 33,400 \), total job benefits \( \$ 33,900 \) d. Employee D: gross pay \( \$ 33,700 \), total job benefits \( \$ 34,700 \)

Ask by Vargas Hobbs. in the United States
Feb 24,2025

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Answer

Employee B receives the largest percentage of their gross pay in employee benefits.

Solution

To determine which employee receives the largest percentage of their gross pay as employee benefits, we need to calculate the ratio of total job benefits to gross pay for each employee. Employee A:  Total Job Benefits = $33,600  Gross Pay = $32,600  Percentage = (33,600 ÷ 32,600) ≈ 1.0307 or 103.07% Employee B:  Total Job Benefits = $34,000  Gross Pay = $32,900  Percentage = (34,000 ÷ 32,900) ≈ 1.0334 or 103.34% Employee C:  Total Job Benefits = $33,900  Gross Pay = $33,400  Percentage = (33,900 ÷ 33,400) ≈ 1.0150 or 101.50% Employee D:  Total Job Benefits = $34,700  Gross Pay = $33,700  Percentage = (34,700 ÷ 33,700) ≈ 1.0297 or 102.97% Comparing these percentages, Employee B has the highest ratio at approximately 103.34% of gross pay. Therefore, the correct answer is: b. Employee B.

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To figure out which employee receives the largest percentage of their gross pay in benefits, we can calculate the percentage of benefits for each employee: - **Employee A:** Benefits Percentage = \( \frac{33,600}{32,600} \times 100 \approx 102.9\% \) - **Employee B:** Benefits Percentage = \( \frac{34,000}{32,900} \times 100 \approx 103.4\% \) - **Employee C:** Benefits Percentage = \( \frac{33,900}{33,400} \times 100 \approx 101.5\% \) - **Employee D:** Benefits Percentage = \( \frac{34,700}{33,700} \times 100 \approx 103.0\% \) By comparing these calculations, **Employee B** has the highest percentage of employee benefits in relation to their gross pay at approximately **103.4%**. Now, let's sprinkle in some extra fun facts related to employee benefits! Did you know? Employee benefits can include a wide array of perks beyond just health insurance and retirement plans! Many companies are now offering creative perks like wellness programs, mental health days, and even financial planning services. These added benefits can significantly enhance an employee's overall satisfaction and well-being at work! Also, if you’re ever unsure about how to negotiate your benefits package, it helps to do your homework. Research similar roles within your industry to see common practices and average benefits provided. Additionally, don’t be afraid to ask for what you want—being transparent about your needs can lead to a more tailored benefits package that meets your personal and professional goals!

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