If benefits cost approximately 30% of payroll, what is the approximate benefit amount for a $80,000 annual salary employee?

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Multiple Choice

If benefits cost approximately 30% of payroll, what is the approximate benefit amount for a $80,000 annual salary employee?

Explanation:
Benefits are treated as a percentage of payroll, so you apply the given percentage to the salary. If benefits cost about 30% of payroll, multiply the salary by 0.30. For an $80,000 salary, 0.30 × 80,000 equals 24,000. So the approximate benefit amount is $24,000. The other numbers would reflect smaller or larger percentages (e.g., 12,000 would be about 15% of 80,000; 30,000 would be about 37.5%), but only 24,000 matches 30%.

Benefits are treated as a percentage of payroll, so you apply the given percentage to the salary. If benefits cost about 30% of payroll, multiply the salary by 0.30. For an $80,000 salary, 0.30 × 80,000 equals 24,000. So the approximate benefit amount is $24,000. The other numbers would reflect smaller or larger percentages (e.g., 12,000 would be about 15% of 80,000; 30,000 would be about 37.5%), but only 24,000 matches 30%.

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