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The Problem

in addition to an employees 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. please estimate how much the company will spend on these three new employees for 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.

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