1. If your fringe rate is 28%, what is the total cost for salaried personnel? Make an assumption about who is a salaried employee and who is an hourly employee. (You may assume this fringe rate includes FICA which is currently 7.625%) 2. If your indirect rate is 25%, what is the total indirect costs on this budget? (Be sure to think about all of your Direct Costs even the costs from your first answer.) (HINT: Don't forget FICA on hourly employees which is currently 7.625%.) 3. Once you add fringe and indirect, what is the total budget cost?

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1 Assuming that salaried personnel are employees who receive a fixed salary rather than an hourly wa... View the full answer