Question

the last weekly payroll of Available Temp Services was 33,110 for 55 employees. The company pays...

the last weekly payroll of Available Temp Services was 33,110 for 55 employees. The company pays 7.1% of payroll for vacations and sick leave and 58.06 per employee for health insurance. What percent of payroll is the total cost of fringe benefits


Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2...
Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks', non- vesting sick leave per annum. Past experience suggests that 56% of employees will take the full 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employees take no sick leave. Required: a) Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of average salaries). b) Provide the journal entry necessary to...
Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2...
Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks', nonvesting sick leave per annum. Past experience suggests that 56% of employees will take the full 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employees take no sick leave. Required: a) Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of average salaries). b) Provide the journal entry necessary to recognise...
Question 2 - Week 6 (7 marks) Dainty Ltd has an average weekly payroll of $200...
Question 2 - Week 6 Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks', nonvesting sick leave per annum. Past experience suggests that 56% of employees will take the full 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employees take no sick leave. Required: a) Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of average salaries). b) Provide the...
Question 2 - Week 6 (7 marks) Dainty Ltd has an average weekly payroll of $200...
Question 2 - Week 6 Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks', nonvesting sick leave per annum. Past experience suggests that 56% of employees will take the full 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employees take no sick leave. Required: a) Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of average salaries). b) Provide the...
Boxcom Company had a total bi-weekly payroll of $ 90,000. The entire payroll was subject to...
Boxcom Company had a total bi-weekly payroll of $ 90,000. The entire payroll was subject to CPP (4.95%), EI (1.66%), and income tax withholdings of $ 11,880. Union dues of $ 1,125 and Health insurance premiums of $ 2,850 were also withheld. Boxcom will match employee CPP and 1.4 times employees EI Prepare the journal entries to record the employee wages/salaries and payroll deductions 4.5 m Prepare the journal entries to record the employer payroll contributions   2 m Prepare the journal...
The two employees of Red Co. receive various fringe benefits. Red Co. provides vacation at the...
The two employees of Red Co. receive various fringe benefits. Red Co. provides vacation at the rate of $315 per day. Each employee earns one day of vacation per month worked. In addition, Red Co. pays a total amount of $650 per month in medical insurance premiums. Red also contributes a total amount of $400 per month into an employee retirement plan. The federal unemployment tax rate is 6%, while the state tax rate is 4%. Unemployment taxes apply to...
Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the...
Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the employees' names and their earnings for a certain week is shown below. Complete the payroll sheet by calculating the total amount of payroll and indicating the least possible number of denominations that can be used in paying each employee. However, no employees are to be given bills in denominations greater than $50. If an amount is zero, enter "0". PAULEY, INC. Supplementary Payroll Sheet...
Crane Company has the following data for the weekly payroll ending January 31. Hours Employee M...
Crane Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding Health Insurance L. Helton 9 8 8 8 10 2 $12 $32 $10 R. Kenseth 7 9 7 7 7 5 14 36 27 D. Tavaras 10 11 8 8 9 0 15 57 26 Employees are paid 1.5 times the regular hourly rate for all hours worked in excess of 40 hours...
Keely Temp Services Agency finds it difficult to retain its employees because most of them are...
Keely Temp Services Agency finds it difficult to retain its employees because most of them are looking for full-time positions and will leave the Keely Agency when a good opportunity comes along. The Agency’s records show that the average stay of its employees was 6 months for the last several years. In an effort to reduce the cost associated with this high level of employee turnover, the management of the company decided to introduce new incentives to encourage employees to...
12. Abigail runs a small business of 55 employees. She is working hard to find a...
12. Abigail runs a small business of 55 employees. She is working hard to find a way to provide health benefits to all her employees by 2016 to be in compliance with __________. the Family Medical Leave Act Social Security the Affordable Care Act Medicare 2 points    QUESTION 13 Laura's organization provides group health insurance that covers a set percentage of fees for medical services such as doctors or in-patient care. It allows her to go to any doctor...