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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 94
North Beach Limousine Service employs 166 workers and has a gross payroll of $154,330 per week. Fringe benefits are
are of gross payroll for sickdays and maternity leave, 7.4%for health insurance, 3.1% for the retirement fund, and $26.70 per employee per week for a stock purchase plan.
a. What is the total weekly cost of fringe benefits for the company
b. What percent of payroll does this represent Round to the nearest tenth of a percent.
c. What is the company's annual cost of fringe benefits
are of gross payroll for sickdays and maternity leave, 7.4%for health insurance, 3.1% for the retirement fund, and $26.70 per employee per week for a stock purchase plan.a. What is the total weekly cost of fringe benefits for the company
b. What percent of payroll does this represent Round to the nearest tenth of a percent.
c. What is the company's annual cost of fringe benefits
Explanation
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(a) Consider the gross payroll of employ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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