Problema Solution
Mount Pleasant Hotels employs 114 workers with a gross weekly payroll of $91,898. Fringe benefits are $42.29 per employee for dental insurance and $9.34 per employee for discount club memberships. What percent of payroll is the total cost of fringe benefits?
Answer provided by our tutors
(42.29 + 9.34)*114/91898 = 0.064 or 6.4%
The total cost of fringe benefits is 6.4% of the payroll.