Timothy works for a company that pays employees in his position $12 per hour to work but also pays for medical and dental coverage, a 401K retirement plan, and a week of paid vacation. Fred has a job and is paid $14 per hour without medical or dental coverage, paid vacation, or a 401K. Fred brags that he makes more money than Timothy because he is paid more money per hour. Which of the following is true?

A. The benefits Timothy receives from his company, in addition to his wages, very likely total more per hour than Fred earns. B. Fred is correct. C. Fred is correct because it is unlikely Timothy will ever use his medical or dental benefits therefore the employer's contribution to these is lost to Timothy. D. Fred is not being paid based on his comparable worth but Timothy is.

Question

Business

Declan Allison

Today, 11:01

Timothy works for a company that pays employees in his position $12 per hour to work but also pays for medical and dental coverage, a 401K retirement plan, and a week of paid vacation. Fred has a job and is paid $14 per hour without medical or dental coverage, paid vacation, or a 401K. Fred brags that he makes more money than Timothy because he is paid more money per hour. Which of the following is true?

A. The benefits Timothy receives from his company, in addition to his wages, very likely total more per hour than Fred earns. B. Fred is correct. C. Fred is correct because it is unlikely Timothy will ever use his medical or dental benefits therefore the employer's contribution to these is lost to Timothy. D. Fred is not being paid based on his comparable worth but Timothy is.

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Answers (1)

Know the Answer?

Jerimiah Frazier · Answer 1

A.

Explanation:

Based on the scenario being described within the question it can be said that the statement that is true is that the benefits Timothy receives from his company, in addition to his wages, very likely total more per hour than Fred earns. This is because Timothy receives various benefits that if Fred started paying for all of these benefits with his salary he would be left with almost nothing.