Fin. Algebra Sec. 6-4

_____ a means that employers may offer as a way to save for retirement, these types of plans may include a 401k.

_______ a fixed period of time that most states use in an unemployment insurance formula to determine weekly benefits.

_____ a method for payment where an employee receives a percentage of the amount of the sales produced by that employee.

______ assistance to employees who are injured while working at their job.

India’s employer offers a sliding paid vacation. When she started work, she was given 2 paid days of vacation. For each four-month period she stays at the job, her vacation is increased by one day. Let x represent the number of 4-month periods worked and y represent the total number of vacation days. Write an equation that models the relationship between these variables.

India’s employer offers a sliding paid vacation. When she started work, she was given two paid days of vacation. For each four-month period she stays at the job, her vacation is increased by one day. How much vacation time will India have after working for this employer for 6.5 years?

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? Do not include commas in your answer.

Liz works at 'Food For Thought'. Her employer offers her a pension. Her employer uses a formula to calculate the pension. Retiring employees receive 2.1% of their average salary over the last 4 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 4 years are $66,000; $66,000; $73,000; and $75,000. Calculate Liz’s annual pension.

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 to the nearest cent.

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