Trailers of the World has a small group of four employees.Trailers take part in a defined contribution plan and pay the required government contribution of 9% plus an additional 4% to reward its employees.Based on the employee earnings below,what is Trailers' superannuation obligation for the year?
$$\begin{array} { | l | r | }
\hline \text { Employee } & \begin{array} { c }
\text { Fortnightly } \
\text { salary }
\end{array} \
\hline \text { Johnson } & 1200 \
\hline \text { Stevens } & 1800 \
\hline \text { Carey } & 1500 \
\hline \text { Peters } & 2500 \
\hline
\end{array}$$

Question

Trailers of the World has a small group of four employees.Trailers take part in a defined contribution plan and pay the required government contribution of 9% plus an additional 4% to reward its employees.Based on the employee earnings below,what is Trailers' superannuation obligation for the year?
$$\begin{array} { | l | r | } 
\hline \text { Employee } & \begin{array} { c } 
\text { Fortnightly } \
\text { salary }
\end{array} \
\hline \text { Johnson } & 1200 \
\hline \text { Stevens } & 1800 \
\hline \text { Carey } & 1500 \
\hline \text { Peters } & 2500 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The total annual salary for all employees is $364,000. The superannuation obligation is 13% (9% government contribution + 4% additional) of this total, which equals $23,660.

Trailers of the World Has a Small Group of Four