1. A full-time coder at Community Hospital works 40 hours and makes $26.00 an hour.Calculate the following:

1. Weekly salary
2. Bi-weekly salary
3. Yearly salary
4. Total yearly compensation if the base benefit was 25%

2As the new HIM Director, you are presented with the following situation that you need to make a decision on. First, you need an FTE inpatient coder and found out that the beginning salary in the area is $27.00/hour and your hospital provides a 22% benefits package for FT employees. Secondly, the hospital is using a temporary service that is charging $7.00/record that is coded and the average weekly records coded are 250 by the current coder.

1. Calculate the yearly costs of the temporary employee and the FT employee.
2. Then examine which would be the best financial situation for the HIM department.Explain your rationale.