Question
1. What is the difference between an allowance and a reim-bursement? How does this difference affect labor burden? 2. Why are the social security and
1. What is the difference between an allowance and a reim-bursement? How does this difference affect labor burden?
2. Why are the social security and Medicare taxes paid by the employee not included in the labor burden?
3. How does employee turnover affect the labor burden costs?
4. What can a company do to reduce its workers' compensation insurance costs?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Difference between Allowance and Reimbursement Allowance An allowance is a fixed amount of money provided to an employee on a regular basis to cover specific expenses such as a car allowance or a hous...
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Step: 2
Step: 3
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
