Answer to Question #65382 in Finance for Josie Vital

Question

A 26-year-old woman just landed her first real job and is being paid $45.98 an hour. She will receive employer-paid-for health insurance, and 20% employer contribution to her retirement account. She does not know how much she will actually have each month but does know she will be paid once a month. What is her annual salary?

Answer 1

45.98*250*8*1.2=$110352