Maeisha Works for Brown Corporation,where She Earns $45,000

question 22

Multiple Choice

Maeisha works for Brown Corporation,where she earns $45,000.Her employer contributes 1% of her pay to her pension fund and pays the following monthly amounts for her insurance: health,$300;life,$50;AD&D,$25.She receives $40 per month for her gym membership and receives a $400 bonus at the end of the year.Brown Corporation pays employer-only taxes and insurance that comprises an additional 12% of Maeisha's annual salary.What is Maeisha's total annual compensation?

• A)$56,230.00
• B)$54,849.30
• C)$50,766.80
• D)$54,451.30

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Definitions:

Competitive Market

A market scenario where there are many buyers and sellers, and no single entity has the power to significantly influence the prices of goods and services.

Resource Allocation

The process of distributing available resources among various competing needs or uses in an effort to achieve maximum efficiency or to accomplish specific objectives.

Excise Tax

An indirect tax charged on the sale of a particular good or service, often included in the price of products like gasoline, alcohol, and tobacco.