A college professor's compensation package includes the total cost a $350-per-month health insurance plan, the total cost a $45-per-month life insurance plan, and a salary of $65,000 per year. what is the yearly value of the compensation package?
A. $65,395
B. $64,605
C. $60,260
D. $69,740
+129842 It depends upon which party is paying for the perks.......if the professor pays for these, Guest's answer is correct.....however.....
The way the question is worded, it sounds as if these perks are added to his salary.........if so....the total compensation package = $ 69740
The answer is C: because,
($350 + $45) X 12=$4,740 total deductions from his salary, hence,
$65,000 - $4,740=$60,260, which is his net salary.
+129842 It depends upon which party is paying for the perks.......if the professor pays for these, Guest's answer is correct.....however.....
The way the question is worded, it sounds as if these perks are added to his salary.........if so....the total compensation package = $ 69740
