Question

HEPL ME PPPLLLEEEAAASSSEEE

A college professor's compensation package includes the total cost of 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. $60,260
B. $65,395
C. $69,740
D. $64,605

Answer 1

$65000 - 12($350) - 12($45)
= $65000 - $4200 - $540
= $60260

Therefore, answer is (A).