Nika earns a gross pay of $73,000. Her total employee benefits are 22% of her gross pay and she has no job expenses. If Nika gets an increase in pay of $5,000, what will her total employment compensation be? (Note: Employee benefits are based on Nika's original gross pay.)
Total compensation $94060. First, establish the value of the benefit package by calculating 22% X 73000 = 16060. Next, add the benefits to the salary 73000 + 16060 = 89060 and now add the $5000 raise for a new total of 94060 in total compensation.
