Problema Solution
In addition to an employee's salary, a company typically spends an additional 33% of the salary on employee benefits. A company is looking to hire three new employees and estimates $52,000 for each annual salary. How much will the company spend on the first year?
Answer provided by our tutors
For 1 employee in one year the company will spend:
$52,000 + (33% of $52,000 for employee benefits)
52000 + 0.33*52000 = 1.33*52000 = $69,160
For 3 employees in one year it will be triple that sum that is
3*(52000 + 0.33*52000) = $207,480.