Explore BrainMass

Explore BrainMass

    Finance : Rate of Benefits

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Teri's annual salary is$17,470. Benefits consist of 1 week paid vacation, 8 paid holidays, 80% of a total health insurance package costing $2100, 3% unemploymnt insurance,6.2% social security,and 1.45% medicare.What is the rate of benefits?
    a.14.3% b.17.8% c.21.9% d.25.3% e.not given

    © BrainMass Inc. brainmass.com March 4, 2021, 5:57 pm ad1c9bdddf
    https://brainmass.com/business/finance/finance-rate-of-benefits-20058

    Solution Preview

    Solution. Since benefits consist of 1 week paid vacation, 8 paid holidays, 80% of ...

    Solution Summary

    The rate of benefits is calculated.

    $2.49

    ADVERTISEMENT