Question

An employee has an annual salary of $51,300. They receive $2,830 in health insurance and $4,600 in paid time off per year. They drive their personal vehicle for work which costs them $600 per month, but the company reimburses them $0.54 per mile for the total work miles driven. If the employee drives 36,000 miles for work for the year, what will be their total employment compensation?
a.
$70,740
b.
$70,970
c.
$77,570
d.
$78,170


Please select the best answer from the choices provided

A
B
C
D

Answer 1

Reimbursement = $0.54 × 36,000 = $19,440.

Total compensation = salary + health insurance + paid time off + reimbursement
= $51,300 + $2,830 + $4,600 + $19,440 = $78,170.

Answer: D