Consider the following information to answer the required: Randy, an employee of BIG Brother makes a salary of R200 000 annually. The employee's total annual fringe benefits are R40 000, broken down as follows: Employer portion of medical aid: R6 960 Employer portion of SDL: R4 160 Unemployment Insurance fund: R4 800 Worker's compensation: R6 000 Employee's health, life, and disability insurances: R10 500 Retirement benefits: R5 000 REQUIRED: What will Randy's fringe benefit rate by using the above information? Show all calculations (include formula). (NB: To calculate an employee's fringe benefit rate(formula), add up the total cost of an employee's fringe benefits for the year and divide it by the employee's annual wages or salary. Then, multiply the total by 100 to get the fringe benefit rate percentage.) 5 marks