The job benefits are the benefits received by an employee by working in an organisation. These benefits includes health insurance , life insurance , salary , paid time off etc.
Given,
Health insurance payment is $1,825
Life insurance per year is $ 93
Paid off per year is $2,860
Monthly gross pay is $3,890
The calculation of Total benefits is as under:
[tex]\begin{aligned} \rm Miguel's\: yearly\: payments &= \rm health \:insurance + life\: insurance + paid \:time \:offMiguel's\: yearly\: payments &= \$1825 + \$93 + \$2860Miguel's\: yearly\: payments &= \$ 4778 \end[/tex]
Monthly gross pay is $ 3,890 and the calculation of yearly gross pay is as under:
[tex]\begin{aligned} \rm Yearly \: gross\: pay &=\rm Monthly\:gross\:pay \times Total\:months\\\rm Yearly \: gross\: pay &= \$ 3,890 \times 12\\ \rm Yearly \: gross\: pay&= \$ 46,680 \end[/tex]
The calculation of total job benefit will be done by adding total benefits and the yearly gross pay.
[tex]\rm Total\: job \:benefit = \$ 46,680 + \$ 4778\\\\ Total\: job \:benefit = \$51,458[/tex]
Therefore , Migual’s total job benefits per year are $51,458 and option A is correct.
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