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An architect's compensation package includes the total cost of a $250-per-month health insurance plan, the total cost of a $35-per-month life insurance plan, and a salary of $55,000 per year. What is the yearly value of the compensation package?

A$58,420. B. $57,900. C. $54,750. D. $58,100. (i am soo confused..)

Verified Answer :

The answer is 58,420. If it is asking per year, and it is given in months all you need to do is multiply by 12. Add 25012 and 3512 and 55,000. You get 58,420

zainshamsi1294

Answer:

The answer is A $ 58,420

Explanation:

If we multiply the monthly benefits of health and life insurance combined we will get the annual value of them.

$35 + $250 = $285

$285*12 = $3420

We already know the annual salary package which is $55000, by adding annual salary to the above calculated annual benefits you will get the total annual value of total compensation.

$55000+$3420 = $58,420

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