Alma is offered a job as a receptionist in a medical office. She will be paid $19.20 per hour for 37 hours per week. The office offers free medical coverage worth $5,500 per year. It will also contribute half the cost of dental insurance and life insurance. If the actual cost of the dental insurance is $700 per year and the actual cost of the life insurance is $200 per year, what is the annual value of this job to Alma?

Question

Sage Hatfield

Mathematics

9 June, 09:42

Alma is offered a job as a receptionist in a medical office. She will be paid $19.20 per hour for 37 hours per week. The office offers free medical coverage worth $5,500 per year. It will also contribute half the cost of dental insurance and life insurance. If the actual cost of the dental insurance is $700 per year and the actual cost of the life insurance is $200 per year, what is the annual value of this job to Alma?

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Answers (1)

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Keith Atkinson · Answer 1

Answer: I believe the answer would be $42,890.80 is the total annual (yearly value) of Almas job.

Step-by-step explanation: First you need to figure out that $19.20 x 37 = $710.40 (hourly wage per week). Then, you need to figure out that $710.40 x 52 = $36,940.80 (the weekly wage x the 52 weeks in the year). Next, add the yearly medical coverage. $5,500 + $36,940.80 = $42,440.80. Now, you know that 1/2 of the dental is going to be $350 and 1/2 of the life insurance is going to be $100. Add those to your previous balance. $42,440.80 + 350 + 100 = 42,890.80.