City pays 6.2% payroll taxes up to 118,500 for all employees. City pays 1.45% to finance Medicare
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Question:
City pays 6.2% payroll taxes up to 118,500 for all employees.
City pays 1.45% to finance Medicare
City pays $180 per month for health insurance for full-time employees.
Employees are part of a pension system financed by a city payment of 20% of the employee's salary and an employee payments of 5% of the employee salary.
Full-time employees get a $750/yr uniform allowance.
Estimate the city's full costs of fire department labor during the fiscal year assuming no changes.
Separate the costs into salary and fringe benefits.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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