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..)
12(250 + 35) = 3,420
55,000 + 3,420 = ?
oh!A!
Right. :-)
Thank you! (:
yall are purty smart im from alabama
To calculate the yearly value of the architect's compensation package, we need to add up the costs of health insurance, life insurance, and the salary.
The health insurance plan costs $250 per month, so we multiply that by 12 months: 250 * 12 = $3,000 per year.
The life insurance plan costs $35 per month, so we multiply that by 12 months: 35 * 12 = $420 per year.
Then, we add the annual salary of $55,000 to the total of the insurance costs: 55,000 + 3,000 + 420 = $58,420.
Therefore, the correct answer is A. $58,420