Leah Works for Toffolon Technicians in New Hampshire,where She Earns

question 59

Multiple Choice

Leah works for Toffolon Technicians in New Hampshire,where she earns $30,000 annually.She contributes 3% to her 401(k) ,of which her employer matches 1.5%.Her employer contributes $200 per month for her health insurance,$50 per month for her life insurance,and $25 per month for her AD&D insurance.Toffolon Technicians pays employer-only taxes and insurance that comprises an additional 15% of Leah's annual salary.What is Leah's total annual compensation?

• A)$30,000
• B)$34,445
• C)$38,250
• D)$31,467

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Definitions:

Zero-Coupon Bonds

These are bonds that do not pay periodic interest but are issued at a significant discount to their face value, with the full face value being repaid at maturity.

Coupon Rate

The annual interest rate paid by a bond issuer to its holders, expressed as a percentage of the bond's face value.

Par Values

The nominal or face value of a stock or bond as stated by the issuer, fundamental in understanding stock issuance and bond pricing.

Yield To Maturity

The total return expected on a bond if held until it matures, considering all interest payments made over the life of the bond and its redemption value.