West-Coast Publishers employs 43 workers with a gross biweekly payroll of $47,128.00. Fringe benefits are $8.31 per employee for life insurance and 10.9% of payroll for a stock purchase plan. What is the total cost of fringe benefits?

Question

Quizplus · Accepted Answer

The total cost of fringe benefits includes life insurance and the stock purchase plan. Life insurance cost is 43 employees * $8.31 = $357.33. The stock purchase plan cost is 10.9% of $47,128.00 = $5,136.95. Adding these gives $357.33 + $5,136.95 = $5,494.28.

West-Coast Publishers Employs 43 Workers with a Gross Biweekly Payroll