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By how much would total payroll (compensation plus tax) increase in the previous question if the government imposed a new minimum wage of $15/hour and
By how much would total payroll (compensation plus tax) increase in the previous question if the government imposed a new minimum wage of $15/hour and the managers wages increased by the same proportion as the servers wages?
QUESTION 6 Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll tax equal to 7.5% of compensation. Complete the following table to calculate the weekly compensation and payroll tax paid by the employer. Remember that servers work 10 hours per week. Employee Type Quantity Wage Compensation Payroll Tax @ 7.5% Manager 2 $580/week $ 1160 $ 84.00 Server 15 $10/hour $ 1500 $ 112.50 Total 2660 $ 196.50Step by Step Solution
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