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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 fringe benefits? a. 8.8% b. 9.5% c. 15.9% d. 17.6%

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 fringe benefits? a. 8.8% b. 9.5% c. 15.9% d. 17.6%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 fringe benefits?

a. 8.8%

b. 9.5%

c. 15.9%

d. 17.6%

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The following computations are done for Available temp Services to calculate the total cost fringe benefits.

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