SOLUTION: Karla is offered a job as parking lot attendant. The job will pay $2,400 per month, paid biweekly. Along with the base salary, the company offers to pay half the cost of medical in

Question 1199893: Karla is offered a job as parking lot attendant. The job will pay $2,400 per month, paid biweekly. Along with the base salary, the company offers to pay half the cost of medical insurance and will match Karla's contribution to a retirement plan up to a total of $1,500. If the full cost of the medical insurance is $450 per month and Karla plans to contribute the full $1,500 every year to a retirement plan, what is the actual annual value of this job to Karla?

Answer by htmentor(1343) (Show Source): You can put this solution on YOUR website!
The monthly salary is $2400 per month. Karla's annual contribution to the retirement plan is $1500 and the company matches the $1500. The annual cost of the
medical insurance is $450*12 = $5400 and the company pays half. So the company
pays Karla $2700 in medical benefits.
Hence the total annual value of the job is: 2400*12 + 1500 + 2700 = $33,000
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