Question

An architect's compensation package includes the total cost of a $250-per-month health insurance plan, the total cost of a $35-per-month life insurance plan, and a salary of $55,000 per year. what is the yearly value of the compensation package

Answer 1

58,420

Explanation:

Answer 2

Answer:

The answer is A $ 58,420

Explanation:

If we multiply the monthly benefits of health and life insurance combined we will get the annual value of them.

$35 + $250 = $285

$285*12 = $3420

We already know the annual salary package which is $55000, by adding annual salary to the above calculated annual benefits you will get the total annual value of total compensation.

$55000+$3420 = $58,420

Explanation:

Have a good day;-)