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.

1. Henry is considered 1 FTE. Whats the total hours of one FTE in this instance?

2. How many hours per year is Henry expected to be on the job?

3. If Henrys wage is $15.00 per hour, what is the total amount to be paid for the year while working?

4. What is the cost of the fringe benefit earned by Henry for vacation, sick days and holiday pay for the year?

5. What is Henrys fringe benefit rate?