What is the value of a yearly compensation package that includes a $54,000 salary, the full cost of a $250-per-month health insurance plan, and the full cost of a $40-per-month life insurance premium? a, 54,730 b, 54,290 c, 57,480 d, 57,040

Option C. $57480

Step-by-step explanation:

Yearly compensation package includes salary, health insurance and full cost of life insurance.

Compensation package will include salary = $54000

Yearly premium of health insurance = $250×12 = $3000

and yearly cost of insurance premium = $40×12 = $480

So, Yearly package will be = Salary + health insurance + Insurance premium

= 54000 + 3000 + 480

= $57480

Option C $57480 is the answer.

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step-by-step explanation:

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