If a new full-time employee is paid $40,000 a year, and taxes and insurance add 20% of wages to the cost, what is the total cost of the employee to the company? Answer 2$
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- COMPUTING OVERTI ME RATE OF PAY AND GROSS WEEKLY PAY Rebecca Huang receives a regular salary of 2,600 a month and is paid 1 times the regular hourly rate for hours worked in excess of 40 per week. (a) Calculate Huangs overtime rate of pay. (b) Calculate Huangs total gross weekly pay if she works 45 hours during the week.A business is deciding whether to give an end-of-year bonus of $5000 each year for the next four years to an employee, in order to increase the number of sales that employee makes. What is the minimum extra profit the employee must generate this year for the bonus to be worthwhile over the next four years, if the discount rate is 7%? O A. $18,600 OB. $16,936 OC. $12,263 O D. $14,480 OE. $20,000Question 4: Find out the labour cost per hour to a worker who is paid $.200 per month in addition to dearness allowance of $.50 month. He is entitled to bonus at the rate of 10% on wages. Employer's contribution is 8 1/3% of wages towards contributory Provident Fund and 1% towards ESI Scheme. The employee's contribution towards ESI Scheme is ½%. The worker is entitled to leave with full pay for 1/20 of days worked. The employer maintains a canteen where subsidised tea and lunch are provided to workers and a monthly subsidy of $.1,000 is provided to the canteen. The total number of employees who take advantage of this canteen is 200. Normal idle time amounts to 20%. The average working days in a month are 25 of 8 hours each.
- If a new full-time employee is paid $44,000 a year, and taxes and insurance add 24% of wages to the cost, what is the total cost of the employee to the company?Take me to the text An employee had $24,300 in gross earnings up to February 20, 2021. She has the following information for her pay for the week ending February 27, 2021. Her employer contributes 100% toward CPP and 140 % toward El. Vacation pay is accrued at 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours 36 Hourly Rate $16.20 Income Tax $116.64 Canada Pension Plan $28.12 Employment Insurance $9.21 Union Dues $10.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.Salaries Suppose you are offered two identical jobs,job 1 paying a starting salary of $20,000 with yearlyraises of $1000 at the end of each year and job 2 paying a starting salary of $18,000 with yearly increasesof $1600 at the end of each year.a. Which job will pay more in the fifth year on the job?b. Which job will pay more over the first 5 years?
- DSD Corp. has the following salary information for an employee: Employee Years Worked Average Salary last 3 years of service Career average salary Sheila 28 $326,000 $131,000 If relevant, the annual payout is 9 percent, and the annual benefit is $7,000 per year of service, calculate the annual benefit for Sheila assuming the Flat Benefit Formula is used. (Do not round intermediate calculations. Round your answer to a whole number.)Jason Wood earns $800 per week for a five-day week, and he is entitled to 12 paid holidays and four weeks of paid vacation. Over how many weeks should the holiday pay and vacation pay be expensed? Principles of Cost Accounting, Chapter 3, 17eDSD Corp. has the following salary information for 3 employees: Employee Years Worked Avg. Salary last 3 years of service Career avg. salary Sheila 15 $45,000 $40,000 Jake Bobby 20 $150,000 $110,000 25 $325,000 $200,000 If relevant, the annual payout is 5%, and the annual benefit is $3,000 per year of service. Calculate the annual benefit for each employee assuming Final pay formula A. Employee Annual Benefit Sheila Jake Bobby $33,750 $125,000 $406,250 B. Employee Annual Benefit Sheila Jake Bobby O C. Employee Annual Benefit $33,750 $150,000 $407,250 Sheila Jake Bobby $43,750 $150,000 $406,250 D. Employee Annual Benefit Sheila $33,750 Jake Bobby $150,000 $406,250
- Assuming the employee makes 100k per year. 7% is the employees investment, 14% from the employer. 2-1 You start at 27 years old and retire at 60 (33 years ) Average APR of 7% *I need the highlighted question answeredLesson: Economic Equivalence An engineer is employed in a government office. Every month an amount of ₱ 1,924.83 is deposited in an insurance system. Suppose the employee is 25 years old today, what will be accumulated on his retirement if he wishes to retire at 65? What will be his expected pension (a monthly allowance from the accumulated deposits) if the insurance company assumes all their client to live up to 100 years of age? The insurance system offers 3.6% compounded monthly.Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480