Which of the following companies offers the greatest total employment compensation?
| | Company A | Company B | Company C | Company D |
| :----------- | :-------- | :-------- | :-------- | :-------- |
| Gross Pay | $41,600 | $40,800 | $41,300 | $42,000 |
| Paid insurance | $1,800 | $2,400 | $2,000 | $2,100 |
| Paid time off | $3,700 | $3,100 | $2,800 | $2,900 |
| Job expenses | $2,000 | $1,800 | $800 | $2,500 |
A. Company A
B. Company B
C. Company C
D. Company D
Answer (2)
Calculate the total compensation for Company A: $41 , 600 + $1 , 800 + $3 , 700 + $2 , 000 = $49 , 100 .
Calculate the total compensation for Company B: $40 , 800 + $2 , 400 + $3 , 100 + $1 , 800 = $48 , 100 .
Calculate the total compensation for Company C: $41 , 300 + $2 , 000 + $2 , 800 + $800 = $46 , 900 .
Calculate the total compensation for Company D: $42 , 000 + $2 , 100 + $2 , 900 + $2 , 500 = $49 , 500 . The greatest total employment compensation is C o m p an yD .
Explanation
Understanding the Problem We are given a table that shows the gross pay, paid insurance, paid time off, and job expenses for four different companies. Our goal is to find out which company offers the greatest total employment compensation. To do this, we need to add up all the compensation components for each company and then compare the totals.
Calculating Total Compensation Let's calculate the total compensation for each company:
Company A: Gross Pay + Paid Insurance + Paid Time Off + Job Expenses = $41 , 600 + $1 , 800 + $3 , 700 + $2 , 000 = $49 , 100
Company B: Gross Pay + Paid Insurance + Paid Time Off + Job Expenses = $40 , 800 + $2 , 400 + $3 , 100 + $1 , 800 = $48 , 100
Company C: Gross Pay + Paid Insurance + Paid Time Off + Job Expenses = $41 , 300 + $2 , 000 + $2 , 800 + $800 = $46 , 900
Company D: Gross Pay + Paid Insurance + Paid Time Off + Job Expenses = $42 , 000 + $2 , 100 + $2 , 900 + $2 , 500 = $49 , 500
Comparing Total Compensation Now, let's compare the total compensation for each company:
Company A: $49 , 100
Company B: $48 , 100
Company C: $46 , 900
Company D: $49 , 500
By comparing these totals, we can see that Company D offers the greatest total employment compensation.
Final Answer Therefore, the company that offers the greatest total employment compensation is Company D, with a total of $49 , 500 .
Examples
Understanding total compensation is crucial when evaluating job offers. For instance, consider two job offers: one with a higher salary but minimal benefits, and another with a slightly lower salary but excellent health insurance and paid time off. By calculating the total compensation (salary + benefits), you can determine which offer provides greater overall value. This approach helps you make informed decisions and secure the best possible employment package.
Company D offers the greatest total employment compensation at $49,500, compared to the other companies. The calculations for each company show that they provide varying levels of total compensation. Therefore, the answer is Company D.
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