An employer pays its employees partly in form of tax free non contributory life insurance benefit...

An employer pays its employees partly in form of tax free non contributory life insurance benefit of $10,000 per employee. They employ around 200,000 workers. Calculate the total cost of this benefit to this employer.

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Expert Solution

The total cost, in this case, is very simple to calculate.

Total cost= total employees*benefit per employee

=$(200,000*10,000)

=$2000000000

keosha answered 1 year ago

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