Question
Henry, an employee at company XRO, Inc. is entitled to 3 weeks vacation, 10 sick days, and 10 paid holidays per year. Assume the employee
Henry, an employee at company XRO, Inc. is entitled to 3 weeks vacation, 10 sick days, and 10 paid holidays per year. Assume the employee works 8 hours a day.
- Henry is considered 1 FTE. Whats the total hours of one FTE in this instance?
- How many hours per year is Henry expected to be on the job?
- If Henrys wage is $15.00 per hour, what is the total amount to be paid for the year while working?
- What is the cost of the fringe benefit earned by Henry for vacation, sick days and holiday pay for the year?
- What is Henrys fringe benefit rate?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
