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An employee has an annual salary of $48,700. They receive $1,530 in health insurance and $2,810 in paid time off per year. They drive their personal vehicle for work which costs them $500 per month, but the company reimburses them $0.53 per mile for the total work miles driven. If the employee drives 9,000 miles for work for the year, what will be their total employment compensation?

Answer :

russleburruel1
51,810 is the total answer.

Answer:

Answer is $51810.

Step-by-step explanation:

Annual salary = $48700

Health insurance receivable = $1530

Amount of paid time off per year = $2810

Cost per mile reimbursed = $0.53

Miles driven = 9000 miles

So, reimbursed amount = [tex]0.53\times9000=4770[/tex] dollars

Compensation = [tex]48700+1530+2810+4770=57810[/tex] dollars

Personal vehicle expense = [tex]500\times12=6000[/tex] dollars

Total employment compensation = [tex]57810-6000= 51810[/tex] dollars

Answer is $51810.

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