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Sky High Crane Company employs 150 workers and has a gross payroll of $282,100 per week. Fringe benefits are 61% of gross payroll for sick
Sky High Crane Company employs 150 workers and has a gross payroll of $282,100 per week. Fringe benefits are 61% of gross payroll for sick days and holiday leave, 9.1% for health and 2 hospital insurance, 4.6% for the retirement fund, and $10.70 per employee per week for a stock purchase plan. a. What is the total weekly cost of fringe benefits for the company? b. What percent of payroll does this represent? c. What is the companys annual cost of fringe benefits?
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