East Coast DVD employs 54 workers with a gross biweekly payroll of $94,126. Fringe benefits are $10.18 per employee for life insurance and 12.3% of payroll for a stock purchase plan. What is the total cost of fringe benefits?

Question

East Coast DVD employs 54 workers with a gross biweekly payroll of $94,126. Fringe benefits are $10.18 per employee for life insurance and 12.3% of payroll for a stock purchase plan. What is the total cost of fringe benefits?
	a. $2357.34 	
	b. $12,127.22 	
	c. $5,494.28 	
	d. $104,126.22

Henry2 · Answer

Cost = 0.123*94,126 + 54*10.18 =