FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The last weekly payroll of Availble Temp Services was $35,110.00 for 55 employees. The company pays 7.1% of payroll for vacations and health insurance. What percent of payroll is the total cost of
a. 8.8%
b. 9.5%
c. 15.9%
d. 17.6%
Expert Solution
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Step 1
The following computations are done for Available temp Services to calculate the total cost fringe benefits.
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