6.4 Employee Benefits

Ali has worked at a fashion magazine for the last 5 years.  Her current annual salary is $64,000.  When she was hired, she was told that she had four days of paid vacation time.  For each year that she worked at the magazine, she would gain another three days of paid vacation time to a maximum of 26 days.  How many paid vacation days does she now get at the end of five years of employment?

• 17 days
• 18 days
• 19 days
• 20 days

Tags

CCSS.HSF.BF.A.2

Martha’s employee benefits include family health care coverage.  She contributes 18% of the cost.  Martha gets paid biweekly and $108.00 is taken out of each paycheck for family health care coverage.  How much does her employer contribute annually for the family coverage?

• $10,315
• $10,440
• $11,523
• $12,792

Tags

CCSS.6.RP.A.3C

Rachel contributes 20% of the cost of the individual health care.  This is a $38 deduction from each of her weekly paychecks.  What is the total value of her individual coverage for the year?

• $9,200
• $9,880
• $10,400
• $10,535

Tags

CCSS.6.RP.A.3C

At Chocolatier incorporated, there are two factors that determine the cost of health care.  If an employee makes less than $65,000 per year, he pays $52 per month for individual coverage and $98 per month for family coverage.  If an employee makes at least $65,000 per year, individual coverage is $67 per month and family coverage is $122 per month. Graham makes $62,800 per year.  He has individual health care.  His yearly contribution is 10% of the total cost.  How much does his employer contribute?

• $4,900
• $5,616
• $6,083
• $6,540

At Chocolatier incorporated, there are two factors that determine the cost of health care.  If an employee makes less than $65,000 per year, he pays $52 per month for individual coverage and $98 per month for family coverage.  If an employee makes at least $65,000 per year, individual coverage is $67 per month and family coverage is $122 per month. Claudia’s annual salary is $75,400.  She has family health care.  Her employer contributes $1,052 per month towards her total coverage cost.  What percent does Claudia contribute toward the total coverage?  Round to the nearest tenth of a percent.

• 10.4%
• 11.6%
• 11.9%
• 12.4%

Tags

CCSS.6.RP.A.3C

Dan’s employee benefits include health care coverage.  His employer covers 78% of the cost, which is a contribution of $1,599.78 towards the total coverage amount.  How much does Dan pay for his coverage?

• $403.51
• $430.66
• $451.22
• $489.32

Tags

CCSS.6.RP.A.3C

Liz works at Food For Thought magazine.  Her employer offers her a pension.  Liz’s employer uses a formula to calculate the pension.  Retiring employees receive 2.1% of their average salary over the last four years of employment for every year worked.  Liz is planning on retiring at the end of this year after 20 years of employment.  Her salaries for the last four years are $66,000, $66,000, $73,000, and $75,000.  Calculate Liz’s annual pension.

• $14,200
• $16,700
• $27,800
• $29,400

Tags

CCSS.6.EE.A.2C

As part of their employee benefits, all workers at Light and Power Electric Company receive a pension that is calculated by multiplying the number of years worked times 1.875% of the average of their three highest years’ salaries.  Mia has worked for LPEC for 30 years and is retiring.  Her highest salaries were $92,000, $94,800, and $96,250.  Calculate Mia’s pension.

• $52,071.88
• $56,500.10
• $59,341.95
• $65,302.44

In Ben’s state, the weekly unemployment compensation is 55% of the 26-week average for the two highest-salaried quarters.  A quarter is three consecutive months.  For July, August, and September, Ben earned a total of $22,400.  In October, November, and December, he earned a total of $22,800.  Determine Ben’s weekly unemployment compensation.

• $460.90
• $487.45
• $956.15
• $1,072.36