How to determine the estimated net cost of benefits to the employer?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How to determine the estimated net cost of benefits to the employer?
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Step 1
In an organizational setting, when business activities are carried out it results in some benefits as well as there is always some cost attached to it.
For every benefit, there will be a cost that may or may not be directly identifiable or vice – versa.
For determining the cost of benefits to an employer there must be a proper track of each and every cost incurred and benefits availed out of that.
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