Bonita, Age 23, Is an Employee of Watson Hardware Distributors

question 4

Essay

Bonita, age 23, is an employee of Watson Hardware Distributors whose annual salary is $40,000. Watson provides employees with free group-term life insurance at twice their annual gross salary, free health and accident insurance, a qualified pension plan, and a cafeteria plan. Bonita's health and accident insurance cost Watson $1,920. The cost of her group-term life insurance coverage is $520. Watson pension plan allows employees to contribute up to 6% of their annual salary, which Watson matches. Bonita elects to have the maximum pension plan contribution made into the plan. Watson's cafeteria plan provides for $4,000; she elect to have dental coverage for $3,000 and elects to take the other $1,000 in cash. She submits medical insurance claims totaling $900 to the health insurance policy and is reimbursed $550. She receives the remaining $350 of medical insurance claims from the flexible benefits plan. How much gross income does Bonita have from her employment with Watson?

Recognize the role of top management in fostering an innovative organizational culture.

Identify strategies for tailoring products and services to meet customer needs.

Understand the implications of innovation for environmental sustainability and social responsibility.

Understand the eligibility and basic conditions for receiving Social Security retirement benefits.

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Definitions:

Vroom-Jago

A decision-making model focusing on the importance of leadership and decision-making styles in various situations.

Types Of Power

Refers to the various ways individuals or groups can influence others, often classified into categories such as legitimate, reward, coercive, expert, and referent power.

Legitimate

Conforming to the law or to rules; able to be defended with logic or justification; valid.

Reward

A benefit or return given to someone as a recognition of their effort, achievement, or service.