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Phillipe has two job offers as given below and really has no preference for either company. Compare the total
compensations for the job offers and explain which job you think Phillipe should accept and why.
Company A
Company B
Gross pay $62,000
Gross pay $60,000
Medical insurance $3,400
25% of gross pay in employee benefits
Paid time off $8,000
Retirement $2,700
Job expenses $800

Answer :

Answer:Company A

Explanation:

When everything it totaled out company A is the better option. With company A he will get more annual gross pay, and the benefits cost $14,900. But with company B he would be making $2,000 less than company A, and would be paying $15,000 for benefits.

abiolataiwo2015

Phillipe should accept Company A

Company A Total compensations

Gross pay $62,000

Medical insurance $3,400

Paid time off $8,000

Retirement $2,700

Less Job expenses ($800)

Total compensations $75,300

Company B Total compensations

Gross pay $60,000

25% of gross pay in employee benefits $15,000

($60,000×25%)

Total compensations $75,000

Based on the above calculation  Phillip should accept Company A  reason been that:

•Company A  offers more benefits

• The Total compensations  is higher than that of Company B.

Inconclusion Phillipe should accept Company A

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