Examlex

Solved

Kari Scott Was Trying to Make a Decision Between Two

question 9

Multiple Choice

Kari Scott was trying to make a decision between two job offers.The jobs and the type of organization in which the jobs were located were quite similar but the content and distribution of the total compensation package held significant differences.In trying to make her decision,she made the following comparison list:

Base Salary:Vacation:Life Insurance:Medical InsuranceDefined ContributionPension Plan:grossPaid Sick Leave:Job A $ 36,000 / year3 weeks/year to startOne times annual salary 0.333 % per $ 1000 coverageSimilar to Job BEmployee contributes 5 % of grossannual salary; Employer matches 1:1matches 50 % of employee contribution contributionUse up to 10 sick days per year,unused days paid out at end of yearJob B $ 45,000 / year2 weeks/year to startDouble annual salary 0.333 % per $ 1000 coverageSimilar to Job AEmployee contributes 5 % ofannual salary, Employerof employeeUse up to 6 sick days per year,unused days lost at end of year\begin{array}{c}\begin{array}{lll}\\ \text {Base Salary:}\\ \text {Vacation:}\\ \text {Life Insurance:}\\\\ \text {Medical Insurance}\\ \text {Defined Contribution}\\ \text {Pension Plan:}\\ \text {gross}\\\\\\\\\\ \text {Paid Sick Leave:}\\\\\end{array}\begin{array}{lll}\text {Job A}\\\text { \$ 36,000 / year}\\\text {3 weeks/year to start}\\\text {One times annual salary}\\\text { 0.333 \% per \$ 1000 coverage}\\\text {Similar to Job B}\\\\\text {Employee contributes 5 \% of gross}\\\\\text {annual salary; Employer matches 1:1}\\\text {matches 50 \% of employee contribution}\\\text { contribution}\\\\\text {Use up to 10 sick days per year,}\\ \text {unused days paid out at end of year}\end{array}\begin{array}{lll}\text {Job B}\\\text { \$ 45,000 / year}\\\text {2 weeks/year to start}\\\text {Double annual salary}\\\text { 0.333 \% per \$ 1000 coverage}\\\text {Similar to Job A}\\\\\text {Employee contributes 5 \% of}\\\\\text {annual salary, Employer}\\\text {of employee}\\\\\\\text {Use up to 6 sick days per year,}\\ \text {unused days lost at end of year}\end{array}\end{array}

-The gross (before taxes) value of the life insurance premium paid by the employer is __________ for Job A and ________ for Job B this year.


Definitions:

Self-help Groups

Peer-led organizations where members share common experiences, challenges, or conditions to provide mutual support and aid.

Eating Disorders

Psychological disorders characterized by abnormal or disturbed eating habits that negatively affect a person's health and well-being.

Coping Effectively

The ability to manage stressful situations or challenges in a healthy manner that reduces negative emotional impact and promotes well-being.

Stigmatized Illnesses

Conditions that are devalued or discriminated against in society due to misconceptions, prejudices, or fear.

Related Questions