Return to the Mike Klyn payroll situation in Starter 11-13. Klyn's employer, Jones Golf Corp., pays all the standard payroll expenses plus benefits for employee pensions (5 percent of gross pay), BC health insurance ($60 per employee per month), and disability insurance ($8 per employee per month). Assume February has four pay periods.
Compute Jones Golf Corp.'s total expense of employing Mike Klyn for the 50 hours that he worked during the first week of February. Carry amounts to the nearest cent.