National Storage employs 88 workers with a gross monthly payroll of $139,000. Fringe benefits are 8.2% of payroll for a profit sharing plan and $9.21 per employee for life insurance. What percent of payroll is the total cost of fringe benefits? Round your answer to the nearest tenth of a percent.

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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National Storage employs 88 workers with a gross monthly payroll of $139,000. Fringe benefits are 8.2% of payroll for a profit sharing plan and $9.21 per employee for life insurance.


What percent of payroll is the total cost of fringe benefits? Round your answer to the nearest tenth of a percent.

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