If an employee has a salary of $50,000 per year, benefits cost the company $7,200 per employee

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If an employee has a salary of $50,000 per year, benefits cost the company

$7,200 per employee per year, and the employer’s share of the Social Security tax is 7.65 percent, what is the direct cost per year for this employee?

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Entrepreneurial Financial Management An Applied Approach

ISBN: 9781000650488

5th Edition

Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman

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Question Posted: May 12, 2024 08:14 AM

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If an employee has a salary of $50,000 per year, benefits cost the company $7,200 per employee

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Entrepreneurial Financial Management An Applied Approach

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