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 $9.23 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.
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 $9.23 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.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 4CE
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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 $9.23 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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