As the result of an unsolicited application, a large downtown hospital has offered you a position as a Unit Clerk. Unit Clerks earn an ho rate of $23 with a 40-hour workweek. (You'll work 42.5 hours with a ½ hour unpaid lunch each day.) Anything over 40 hours/week is p the overtime rate of 1.5 times the regular rate. You would be guaranteed 4 overtime hours per week. You'd have to pay for parking at this hospital, at a rate $276 per month. If you accepted this offer, what would your net annual earnings be?
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- QUESTION 1 You replied to a posting in the local paper and secured an interview at a gastroenterology clinic. In their follow-up email they offered you the position of Medical Administrative Assistant. They're offering you $1,696 paid semi-monthly. The clinic is part of a large hospital, so you will have to pay for parking at a rate of $31/week. What would your annual net earnings be? QUESTION 2 A local doctor's office is looking for a Medical Office Assistant. This was not an advertised position, but your networking efforts got you a recommendation. They were impressed with your skills and education and offered you the position at the end of the interview. They're offering an hourly rate of $19.5 with a 39.5 hr workweek. No overtime is available as the doctor's office is only open M-F during regular business hours. What are the annual net earnings? QUESTION 3 You applied to several positions on the SenecaWorks website, and one resulted in an interview. A physiotherapy clinic, one that…QUESTION 2 A local doctor's office is looking for a Medical Office Assistant. This was not an advertised position, but your networking efforts got you a recommendation. They were impressed with your skills and education and offered you the position at the end of the interview. They're offering an hourly rate of $19.5 with a 39.5 hr workweek. No overtime is available as the doctor's office is only open M-F during regular business hours. What are the annual net earnings?Problem 1c: Consider the following information for Rosebud Lane Hospital. The number of admissions for the year are expected to equal 1000, but could vary from 750 to 1250. Rosebud's fee-for-service is $2,000 under a prospective payment system. Under a capitation reimbursement system, Rosebud must cover 1000 patients at a capitation payment of $2,000. Rosebud's annual fixed costs are $500,000 and it variable cost per admission is $1,500. 1c. Calculate Rosebud's net profit under the Fee For Service Reimbursement method if admissions are 1250. (Answer to the nearest dollar. Do not include the dollar sign in your answer.) 1d. Calculate Rosebud's net profit under Capitation if admissions are 1250. (Answer to the nearest dollar. Do not include the dollar sign in your answer.)
- Job "B" offers you $30,000 salary per year. You have 10 PAID days off per year for vacation and sick time. The expectation is that you will work from 9:00 a.m. to 5:00 p.m. five days per week. 2) a) If you work a 40-hour week for 50 weeks of the year, what hourly amount are you making? If this salaried job is also providing free health care benefits, how would this affect your decision as to whether to take this position? b)Hion are there is the way You living way YOu Job "B" offers you $30,000 salary per year. You have 10 PAID days off per year for vacation and sick time. The expectation is that you will work from 9:00 a.m. to 5:00 p.m. five days per week. a) If you work a 40-hour week for 50 weeks of the year, what hourly amount are you making? If this salaried job is also providing free health care benefits, how would this affect your decision as to whether to take this position? b)Part I. To recap, W.T.'s planning on the following: Newspaper ad Social media manager Payment collection Gas $120 per month $100 per month; $1 per job scheduled $0.75 per job $4.00 per job Considering his analysis of similar services and to keep things simple, w.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he'll likely need to create different types of "jobs". For example, purchasirg a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We'll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total Computations (10 jobs) Sales $ Less:…
- USE EXCEL SPREADSHEET TO SOLVE THIS PROBLEM You have two job offers. The first offers a signing bonus of $20,000 and a monthly salary of $7,000 (paid at month end). The second offers a monthly salary of $6,500 (paid at month end) and an annual bonus of 14% of your annual salary. The bonus is paid every year after you complete a full year of employment Suppose you plan to stay with either company for five years, a monthly discount rate of 0.2% for wages and an annual discount rate of 2.5% for bonuses, and you are basing your decision on financial considerations only, which offer should you take. Use the PV function to solve this problem.The minimum wage in Mississippi of $725 per hour and you work 50 weeks a year, 40 hours each week. How much will you get in gross wages for that whole entire year of working full time all but 2 weeks (off for travel, sickness, holidays, and vacation)? a. about $45,000 b. about $14,500 c. about $16,500 d. about $30,000 e. about $25,000Suppose you are the human resource manager for a cellular phone company with 700 employees. Top management has asked you to implement three additional fringe benefits that were negotiated with employee representatives and agreed upon by a majority of the employees. These include group term life insurance, a group legal services plan, and a wellness center. The life insurance is estimated to cost $910 per employee per quarter. The legal plan will cost $416 semiannually per employee. The company will contribute 40% to the life insurance premium and 75% to the cost of the legal services plan. The employees will pay the balance through payroll deductions from their biweekly paychecks. In addition, they will be charged 1 4 % of their gross earnings per paycheck for maintaining the wellness center. The company will pay the initial cost of $600,000 to build the center. This expense will be spread over 5 years. (a) What total amount should be deducted per paycheck for these new…
- Problam 8.2: Decision Making Continued Refer to your answer in Q8.1. Assume all information in the options is the same. What consideration could cause you to choose the option that would result in lower after-tax income?Question text Gina Flores, a full time student at TSTC is employed by The Boot Jack as a salesperson. Her hourly rate is $5.25. For one week, Ms. Flores worked 33 1/4 hours. Ms. Flores' earning for the week are: Is the hourly rate in violation of the FSLA? Explain why/why not. If the hourly rate is in violation of the FLSA, the amount The Boot Jack should pay Ms. Flores is:You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job 2 is a full-time (40 hours a week) job that pays $26 an hour. You will pay 12% of your income for federal income taxes, 6.2% for Social Security, 1.45% for Medicare, and 4% for state income taxes. Job 1 has the following benefits: Health insurance costs $220 a month pre-tax income and the retirement plan is $180 of your after-tax income. You receive (10 days) of paid vacation. Job 2 has the following benefits: health insurance costs $75 a month of your pre-tax income and the retirement plan is 5% of your pre-tax income. You receive 1 week (5 days) of paid vacation.You plan on taking 2 weeks (10 days) of vacation. What is the Gross Annual Income for Job 2?What is the Gross Annual Income for Job 2? $54,080 $53,339.17 $48,000 $58,000 $54,080 $53,339.17 $48,000 $58,000