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The Wagner City Finance Department has three divisions--parking ticket hearings, business tax audits, and property tax valuation--located in the same building in Brooklyn. The Finance
The Wagner City Finance Department has three divisions--parking ticket hearings, business tax audits, and property tax valuation--located in the same building in Brooklyn. The Finance Department has been asked to transfer the parking ticket hearings division to a newly created agency. The Mayor's office has asked the Finance Department to tell them the cost of operating the parking ticket hearings division. The IT, Budget, and HR staff provide services to the all three divisions and are paid $680,000 per year and benefits at a 38% rate. The chief judge in the parking ticket division earns $208,000 annually and her benefits are the same percent as the rest of the agency. In addition, 22 judges hear parking ticket cases 30 hours per week per judge and the judges are paid $45 per hour. Rent for the building is $37,000 per month and utilities cost $9,500 per month. IT is carrying annual depreciation for equipment in the building at $240,500. The Commissioner has asked that the costs be allocated based on the number of customers who come to the Brooklyn office. Last year, 14,550, 455, and 2,225 customers visited the parking ticket hearings, business tax audit, and the property tax valuation divisions respectively per month. Use the above information to calculate the following: [Note: Round your answers to TWO decimal places. Do not include symbols ($) or commas in your answers.] A) Annual direct cost of running the parking ticket hearings division is: $[Blank 1] B) Annual indirect costs allocated to the business tax audit division are: $[Blank 2] C) Annual indirect costs allocated to the property tax valuation division are: $[Blank 3] D) Total costs for the parking ticket hearings division are: $[Blank 4] E) The chief judge in the parking ticket division earns a total of $IBlank 51 in benefits annually
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