Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
National Storage employs 88 workers with a gross monthly payroll of $135,000. Fringe benefits are 8.4% of payroll for a profit sharing plan and $9.27 per employee for life insurance. What percentage of payroll is the total cost of fringe benefits? Round your answer to the nearest then the of a percent.
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