Which of the following companies offers the greatest total employment compensation?

\begin{tabular}{|c|c|c|c|c|}
\hline & Company A & Company B & Company C & Company D \\
\hline Gross Pay & [tex][tex]$\$[/tex] 37,600[tex]$[/tex] & [tex]$[/tex]\[tex]$ 36,800$[/tex][/tex] & [tex][tex]$\$[/tex] 38,100[tex]$[/tex] & [tex]$[/tex]\[tex]$ 39,000$[/tex][/tex] \\
\hline Paid Insurance & [tex][tex]$\$[/tex] 2,800[tex]$[/tex] & [tex]$[/tex]\[tex]$ 2,400$[/tex][/tex] & [tex][tex]$\$[/tex] 2,100[tex]$[/tex] & [tex]$[/tex]\[tex]$ 1,800$[/tex][/tex] \\
\hline Paid Time Off & [tex][tex]$\$[/tex] 3,100[tex]$[/tex] & [tex]$[/tex]\[tex]$ 3,600$[/tex][/tex] & [tex][tex]$\$[/tex] 2,900[tex]$[/tex] & [tex]$[/tex]\[tex]$ 2,500$[/tex][/tex] \\
\hline Job Expenses & [tex][tex]$\$[/tex] 1,200[tex]$[/tex] & [tex]$[/tex]\[tex]$ 600$[/tex][/tex] & [tex][tex]$\$[/tex] 300[tex]$[/tex] & [tex]$[/tex]\[tex]$ 800$[/tex][/tex] \\
\hline
\end{tabular}

a. Company A
b. Company B
c. Company C
d. Company D

Please select the best answer from the choices provided.



Answer :

Let's analyze the total employment compensation for each company by considering the given components: Gross Pay, Paid insurance, Paid time off, and Job expenses. The total employment compensation is calculated as:

[tex]\[ \text{Total Compensation} = \text{Gross Pay} + \text{Paid insurance} + \text{Paid time off} - \text{Job expenses} \][/tex]

Here are the calculations for each company:

1. Company A:
- Gross Pay: \[tex]$37,600 - Paid insurance: \$[/tex]2,800
- Paid time off: \[tex]$3,100 - Job expenses: \$[/tex]1,200
- Total Compensation: [tex]\(37,600 + 2,800 + 3,100 - 1,200 = 42,300 \)[/tex]

2. Company B:
- Gross Pay: \[tex]$36,800 - Paid insurance: \$[/tex]2,400
- Paid time off: \[tex]$3,600 - Job expenses: \$[/tex]600
- Total Compensation: [tex]\(36,800 + 2,400 + 3,600 - 600 = 42,200 \)[/tex]

3. Company C:
- Gross Pay: \[tex]$38,100 - Paid insurance: \$[/tex]2,100
- Paid time off: \[tex]$2,900 - Job expenses: \$[/tex]300
- Total Compensation: [tex]\(38,100 + 2,100 + 2,900 - 300 = 42,800 \)[/tex]

4. Company D:
- Gross Pay: \[tex]$39,000 - Paid insurance: \$[/tex]1,800
- Paid time off: \[tex]$2,500 - Job expenses: \$[/tex]800
- Total Compensation: [tex]\(39,000 + 1,800 + 2,500 - 800 = 42,500 \)[/tex]

Now, comparing the total compensations:
- Company A: \[tex]$42,300 - Company B: \$[/tex]42,200
- Company C: \[tex]$42,800 - Company D: \$[/tex]42,500

Among these, the greatest total employment compensation is offered by Company C, which is \$42,800.

Therefore, the best answer is:
c. Company C