Purchase Solution

# Finance : Rate of Benefits

Not what you're looking for?

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

##### Solution Summary

The rate of benefits is calculated.

##### Solution Preview

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

Solution provided by:
###### Education
• BSc , Wuhan Univ. China
• MA, Shandong Univ.
###### Recent Feedback
• "Your solution, looks excellent. I recognize things from previous chapters. I have seen the standard deviation formula you used to get 5.154. I do understand the Central Limit Theorem needs the sample size (n) to be greater than 30, we have 100. I do understand the sample mean(s) of the population will follow a normal distribution, and that CLT states the sample mean of population is the population (mean), we have 143.74. But when and WHY do we use the standard deviation formula where you got 5.154. WHEN & Why use standard deviation of the sample mean. I don't understand, why don't we simply use the "100" I understand that standard deviation is the square root of variance. I do understand that the variance is the square of the differences of each sample data value minus the mean. But somehow, why not use 100, why use standard deviation of sample mean? Please help explain."
• "excellent work"
• "Thank you so much for all of your help!!! I will be posting another assignment. Please let me know (once posted), if the credits I'm offering is enough or you ! Thanks again!"
• "Thank you"
• "Thank you very much for your valuable time and assistance!"

##### Basics of corporate finance

These questions will test you on your knowledge of finance.

##### Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

##### Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

##### Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations