Mount Pleasant Hotels employs 114 workers with a gross weekly payroll of $91,898. Fringe benefits are $42.29 per employee for dental insurance and $9.34 per employee for discount club memberships. What percent of payroll is the total cost of fringe benefits? (Round your answer to the nearest tenth of a percent)

Question

Quizplus · Accepted Answer

The total cost of fringe benefits per employee is $42.29 (dental insurance) + $9.34 (discount club membership) = $51.63. For 114 employees, the total cost is $51.63 * 114 = $5,885.82. The percent of payroll for fringe benefits is ($5,885.82 / $91,898) * 100 = 6.4%.

Mount Pleasant Hotels Employs 114 Workers with a Gross Weekly