Jordan is an RHIA who works at a large academic medical center. Her $37,540 salary is paid 60% from research grants as clinical trial coordinator, and 40% by HIM as a database manager. The hospital's fringe benefit rate is 23%. How much must the HIM director include in the budget (rounded to the nearest dollar) to cover Jordan's database management role?

Question

Quizplus · Accepted Answer

Jordan's total salary is $37,540, and 60% of that is paid by research grants, leaving 40% to be paid by HIM.

40% of $37,540 = $15,016.

To calculate the total cost to HIM, we need to add in the fringe benefit rate.

$15,016 * 23% = $3,463.68

Adding this amount to Jordan's salary gives us:

$15,016 + $3,463.68 = $18,479.68

Rounded to the nearest dollar, the HIM director should budget $18,470 to cover Jordan's database management role. So, option B is correct.

Jordan Is an RHIA Who Works at a Large Academic