Frida Stevenson is very successful financial analyst for a public company. Her compensation package includes a...

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Frida Stevenson is very successful financial analyst for a public company. Her compensation package includes a base salary and several benefits (detailed below). Frida is approached by a good friend with an exciting employment opportunity to work for a smaller private company. She is being offered $250,000 with no benefits with this new opportunity. Analyze Frida's current compensation package and net employment income. Please advise Frida on: 1. What would be the difference in compensation if she (a) stays with her current employer and (b) accepts the new position? 2. What are non-monetary benefits of the two alternatives? 3. Provide Frida with any additional recommendations you may have for her. Please use the following information from Frida's 2022 employment for your analysis. In 2022, Frida's base salary is $175,000. Other information relevant to Frida's 2022 employment income is as follows: 1. Frida is provided with an automobile that is owned by her employer. The employer purchases the car in 2020 for $54,000 plus $7,020 is HST. During 2022, she drives the car a total of 72,000 kilometers, of which 30,000 were employment related. The automobile was used by Frida for 12 months during 2022. When she was not using the automobile, her employer required that it be returned to their premises. 2. She is a member of her employer's registered pension plan. During 2022, her employer contributed $4,500 to this plan on her behalf. In addition $4,500 was withheld from her salary and contributed to the plan. 3. As part of her employment agreement, Frida is required to travel around the world. She travelled to Orlando for a business trip. Her employer paid her airline ticket of $5000. In addition, she was provided with a meal allowance of $50 per day and a hotel allowance of $250 per day. Frida Stevenson is very successful financial analyst for a public company. Her compensation package includes a base salary and several benefits (detailed below). Frida is approached by a good friend with an exciting employment opportunity to work for a smaller private company. She is being offered $250,000 with no benefits with this new opportunity. Analyze Frida's current compensation package and net employment income. Please advise Frida on: 1. What would be the difference in compensation if she (a) stays with her current employer and (b) accepts the new position? 2. What are non-monetary benefits of the two alternatives? 3. Provide Frida with any additional recommendations you may have for her. Please use the following information from Frida's 2022 employment for your analysis. In 2022, Frida's base salary is $175,000. Other information relevant to Frida's 2022 employment income is as follows: 1. Frida is provided with an automobile that is owned by her employer. The employer purchases the car in 2020 for $54,000 plus $7,020 is HST. During 2022, she drives the car a total of 72,000 kilometers, of which 30,000 were employment related. The automobile was used by Frida for 12 months during 2022. When she was not using the automobile, her employer required that it be returned to their premises. 2. She is a member of her employer's registered pension plan. During 2022, her employer contributed $4,500 to this plan on her behalf. In addition $4,500 was withheld from her salary and contributed to the plan. 3. As part of her employment agreement, Frida is required to travel around the world. She travelled to Orlando for a business trip. Her employer paid her airline ticket of $5000. In addition, she was provided with a meal allowance of $50 per day and a hotel allowance of $250 per day.

Answer rating: 100% (QA)

A The difference in compensation would be 75000 250000 175000 B The benefits of the new position would be the higher salary and the ability to travel ... View the full answer