Chapter 9.III, Problem 11RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Jiffy Janitorial Service employs 48 workers and has a gross payroll of $25,200 per week. Fringe benefits are 6.4% for sick days and holiday leave. 5.8% for health and hospital insurance, and $14.50 per employee per week for uniform allowance.

a. What is the total weekly cost of fringe benefits for Jiffy?

b. What percent of payroll does this represent?

c. What is Jiffy's annual cost of fringe benefits?

Annual cost of fringe benefits

**(a)**

To determine

**To calculate:** The total weekly cost of fringe benefits of Jiffy janitorial service. They employ

Explanation

**Given Information:**

Total number of employers in dynamo production is

**Formula used:**

Step1: When fringe benefit is percent of gross payroll then multiply that percent with gross payroll.

Step2: If fringe benefit is dollar amount per employee then multiply the dollar amount with the number of employees.

Step3: Total fringe benefit is addition of all the individual fringe benefit amounts.

**Calculation:**

Consider the gross payroll of Jiffy janitorial service

Now, for sick days or holiday leave fringe benefits is

**(b)**

To determine

**To calculate:** The percentage of payroll

**(c)**

To determine

**To calculate:** The Jiffy’s annual cost of fringe benefit .

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