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? 25 , 200 × .064 = $ 1 , 612.80 25 , 200 × .058 = 1.461.60 48 × 14.50 = 696.00 $ 3 , 770.40 b. What percent of payroll does this represent? R = p b = 3 , 770.40 25 , 200.00 = 1496 = 14 % c. What is Jiffy's annual cost of fringe benefits? 3 , 770.40 × 52 = $ 196 , 060.80 Annual cost of fringe benefits

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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447
BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447

Solutions

Chapter
Section
Chapter 9.III, Problem 11RE
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?

25 , 200     ×   .064 = $ 1 , 612.80 25 , 200   × .058 = 1.461.60 48   × 14.50       =     696.00 $ 3 , 770.40

b. What percent of payroll does this represent?

R = p b = 3 , 770.40 25 , 200.00 = 1496 = 14 %

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

3 , 770.40   ×   52 = $ 196 , 060.80

Annual cost of fringe benefits

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Chapter 9 Solutions

Contemporary Mathematics for Business & Consumers
Ch. 9.I - Calculate the gross earnings per pay period for...Ch. 9.I - Calculate the gross earnings per day period for...Ch. 9.I - Calculate the gross earnings per day period for...Ch. 9.I - Calculate the gross earnings per pay period for...Ch. 9.I - Calculate the gross earnings per day period for...Ch. 9.I - Mary Jo Prenaris is an office manager with gross...Ch. 9.I - 9. Deb O’Connell is an accounting professional...Ch. 9.I - 10. Jennifer Brunner works 40 hours per week as a...Ch. 9.I - 11. Alan Kimball earns $22.34 per hour as a...Ch. 9.I - 12. Paul Curcio earns $8.25 per hour for regular...Ch. 9.I - As the payroll manager for Stargate Industries,...Ch. 9.I - As the payroll manager for Stargate Industries,...Ch. 9.I - As the payroll manager for Stargate Industries,...Ch. 9.I - As the payroll manager for Stargate Industries,...Ch. 9.I - 17. Larry Jefferson gets paid a straight piecework...Ch. 9.I - Calculate last week’s total gross pay for each of...Ch. 9.I - Calculate last weeks total gross pay for each of...Ch. 9.I - Calculate last weeks total gross pay for each of...Ch. 9.I - 21. Katrina Byrd assembles motor mounts for C-207...Ch. 9.I - 22. Bob Farrell works for a company that...Ch. 9.I - 23. What is the total gross pay for a salesperson...Ch. 9.I - Pamela Mello is paid on an incremental commission...Ch. 9.I - Dory Schrader is a buyer for Oceans of Notions....Ch. 9.I - Thomas Rendells company pays him a straight 6%...Ch. 9.I - 27. Katie Jergens works for Dynamic Designs...Ch. 9.I - 28. Jerry King is a server in a restaurant that...Ch. 9.II - What are the withholdings for social security and...Ch. 9.II - Rick Nicotera has year-to-date earnings of...Ch. 9.II - Jan McMillan is married, claims five exemptions,...Ch. 9.II - Using the combined wage bracket tables, what is...Ch. 9.II - Solve the following problems using 6.2%, up to...Ch. 9.II - Solve the following problems using 6.2%, up to...Ch. 9.II - Solve the following problems using 6.2%, up to...Ch. 9.II - Solve the following problems using 6.2%, up to...Ch. 9.II - As the payroll manager for Freeport enterprises,...Ch. 9.II - As the payroll manager for Freeport enterprises,...Ch. 9.II - As the payroll manager for Freeport enterprises,...Ch. 9.II - As the payroll manager for Freeport enterprises,...Ch. 9.II - Use the percentage method of income tax...Ch. 9.II - Use the percentage method of income tax...Ch. 9.II - Use the percentage method of income tax...Ch. 9.II - Use the percentage method of income tax...Ch. 9.II - Use the combined wage bracket tables, Exhibits 9-3...Ch. 9.II - Use the combined wage bracket tables, Exhibits 9-3...Ch. 9.II - Use the combined wage bracket tables, Exhibits 9-3...Ch. 9.II - Marital Withholding Gross Combined Employee Status...Ch. 9.II - Marital Withholding Gross Combined Employee Status...Ch. 9.II - ...Ch. 9.II - Marital Withholding Gross Combined Employee Status...Ch. 9.III - Big Pine Tree Service has 18 employees, 12 with...Ch. 9.III - Les Roberts, a self-employed commercial artist,...Ch. 9.III - Sunshine Catering had a total payroll of $10,000...Ch. 9.III - Dynamo Productions employs 250 workers with a...Ch. 9.III - Howard Lockwood is a self-employed freelance...Ch. 9.III - Westside Auto Supply has 8 delivery truck drivers,...Ch. 9.III - Fandango Furniture Manufacturing, Inc., has 40...Ch. 9.III - 3. 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A draw against commission is commission paid in...Ch. 9 - The current employee tax rate for social security...Ch. 9 - The wage base limit for social security used in...Ch. 9 - In addition to social security and Medicare tax...Ch. 9 - 10. The combined wage bracket table is based on...Ch. 9 - 11. Self-employed persons are responsible for...Ch. 9 - For companies with full and timely payments to the...Ch. 9 - A plan whereby employees are given a menu of...Ch. 9 - 14. Write the formula for quarterly estimated tax...Ch. 9 - 1. Bill Pearson earns $2,800 semimonthly as a...Ch. 9 - 2. Barbara Sultan works 40 hours per week as a...Ch. 9 - Eric Shotwells company pays him $18.92 per hour...Ch. 9 - 4. Mitch Anderson is a security guard. He earns...Ch. 9 - 5. Fergie Nelson assembles toasters for the Gold...Ch. 9 - 6. You work in the payroll department of Universal...Ch. 9 - Calculate the gross earnings for the following...Ch. 9 - Calculate the gross earnings for the following...Ch. 9 - Calculate the gross earnings for the following...Ch. 9 - Calculate the gross earnings for the following...Ch. 9 - Calculate the gross earnings for the following...Ch. 9 - Calculate the gross earnings for the following...Ch. 9 - Solve the following problems using 6.2% up to...Ch. 9 - Solve the following problems using 6.2% up to...Ch. 9 - Use the percentage method to solve the...Ch. 9 - Use the combined wage bracket tables. Exhibits 9-3...Ch. 9 - Use the combined wage bracket tables. Exhibits 9-3...Ch. 9 - Fran Mallory is married, claims five withholding...Ch. 9 - 19. Vanguard Fabricators has 83 employees on the...Ch. 9 - 20. Paul Warren is a self-employed mechanic. Last...Ch. 9 - Tim Ries earns $48,320 annually as a supervisor...Ch. 9 - 22. 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