Concept explainers
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
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Contemporary Mathematics for Business & Consumers