Question

A company has 200 employees who are eligible for child care benefits. The company will pay eligible employees 25% of child day care costs, up to a maximum of $500 per child per month.

If an employee has 2 children in day care at a cost of $500 per child per month, how much will the employee receive in company day care benefits per year?

Answer 1

what is 25% of 500?

for each of 2 kids...

for each of 12 months...