A camp counselor is trying to determine, of the places they have previously camped, where his campers' favorite camping spots ar
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we know that
To find the company with the greatest total employee compensation package, adds each company's gross pay, paid insurance, and paid time off, then subtract the job expenses on the sum
So
Find the total employee compensation package for each company
Step
Find the total employee compensation package for company A
Step
Find the total employee compensation package for company B
Step
Find the total employee compensation package for company C
Step
Find the total employee compensation package for company D
therefore
the answer is
the company with the greatest total employee compensation package is the company C
Given:
- The table of typical hours worked by employees at a company
- salaried employee makes $78,000 per year
- hourly employees get $26 per hour and $39 per hour when they work more than 40 hours.
To Find: Which payment option to recommend to a new employee.
Solution: I would recommend being a salaried employee.
Explanation:
We begin by calculating the typical number of hours worked per week.
Adding up the hours from the table, we have .
The payment for an hourly employee must be calculated as $26 per hour for working till 40 hours, and $39 per hour when they work more than 40 hours.
So, the payment for 47 hours of work per week will be dollars.
As there are 52 weeks in a year, the yearly payment for an hourly emplyee would be . That is, an hourly employee would earn $68276.
On the other hand, we are given that a salaried employee makes $78000 per year which is more money than what an hourly employee makes for the same amount of work.
Therefore, I would recommend a new emplyee to be paid a salary rather than work on an hourly basis.