Dynamo Productions employs 250 workers with a gross payroll of $123,400 per week. Fringe benefits are 5% of gross payroll for sick days and holiday leave, 8% for health insurance, and $12.40 per employee for dental insurance.
a. What is the total weekly cost of fringe benefits for Dynamo?
b. What percent of payroll does this represent?
c. What is the cost of these fringe benefits to the company for a year?
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