Clancy earns $56,000 annually as a police officer working 5 days each week.Addit
ID: 2459114 • Letter: C
Question
Clancy earns $56,000 annually as a police officer working 5 days each week.Additionally,he has a benefits package that includes 3 weeks vacation,10 holidays,12 annual sick days,health insurance ($354 per month),social security (6.2%of salary),and medicare (1.45% of salary)..What is Clancy's rate of benefits? Clancy earns $56,000 annually as a police officer working 5 days each week.Additionally,he has a benefits package that includes 3 weeks vacation,10 holidays,12 annual sick days,health insurance ($354 per month),social security (6.2%of salary),and medicare (1.45% of salary)..What is Clancy's rate of benefits?Explanation / Answer
$ Clancy annual salary = 56000 Vacation in Days = 21 holidays = 10 sick days = 12 Total days additional benefit = 43 1 Additional days in monetary benefit terms = 56000/365*43 =6597 $ 2 Health Insurance = 354*12 =4248 $ 3 Social security = 56000*6.2% =3472$ 4 Medicare = 56000*1.45% =812$ Total benefits = =15129 Benefits % = 15129/56000 =27.01%