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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 102
North Beach Limousine Service employs 166 workers and has a gross payroll of $154,330 per week. Fringe benefits are 4
% of gross payroll for sick days 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?
% of gross payroll for sick days 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 and Consumers 7th Edition by Robert Brechner ,George Bergeman
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