Cordelia is an employee of Snaktyme Foods in Missouri. She earns $23,700 annually. Snaktyme has provided uniforms worth $200 and training worth $760 as part of her employment. She contributes 4% to her 401(k), of which her employer matches half. Cordelia’s employer pays the following monthly amounts toward her insurance: health, $125; life, $30; AD&D, $25. Snaktyme Foods pays employer-only taxes and insurance that comprises an additional 16% of Cordelia’s annual salary. What is Cordelia’s total annual compensation?
Cordelia is an employee of Snaktyme Foods in Missouri. She earns $23,700 annually. Snaktyme has provided uniforms worth $200 and training worth $760 as part of her employment. She contributes 4% to her 401(k), of which her employer matches half. Cordelia’s employer pays the following monthly amounts toward her insurance: health, $125; life, $30; AD&D, $25. Snaktyme Foods pays employer-only taxes and insurance that comprises an additional 16% of Cordelia’s annual salary. What is Cordelia’s total annual compensation?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cordelia is an employee of Snaktyme Foods in Missouri. She earns $23,700 annually. Snaktyme has provided uniforms worth $200 and training worth $760 as part of her employment. She contributes 4% to her 401(k), of which her employer matches half. Cordelia’s employer pays the following monthly amounts toward her insurance: health, $125; life, $30; AD&D, $25. Snaktyme Foods pays employer-only taxes and insurance that comprises an additional 16% of Cordelia’s annual salary. What is Cordelia’s total annual compensation?
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