August is an employee at Ruby Investments, with an annual salary of $92,500, paid biweekly. August has
Question:
August is an employee at Ruby Investments, with an annual salary of $92,500, paid biweekly. August has the following fringe and voluntary benefits:
• Medical insurance: $400 per month
• 401(k): 3 percent of gross pay
• Flexible spending arrangement: $2,550 annually
• Charitable contribution: $65 per pay period
What is the total amount August contributes to fringe benefits and voluntary deductions annually?
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Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
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