Current Compensation Costs Average yearly wage $26,769 Average hourly wage 13.12 Dollar value...
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Accounting
Current Compensation Costs
Average yearly wage $26,769
Average hourly wage 13.12
Dollar value of yearly benefits, per employee 8,923
Total compensation (wages plus benefits) 35,692
Daily average number of hours paid 8.0
_________Benefits (by category)__________ Dollar/Cost Employee/Year
1. Legally required payments (employers share only). $2,141.00
a. Old-age, survivors, disability, and health insurance (FICA) taxes 1,509.00
b. Unemployment compensation 292.00
c. Workers compensation (including estimated cost of self-insured) 311.00
d. Railroad retirement tax, railroad unemployment and cash sickness
insurance, state sickness benefits insurance, etc. 29.00
please explain how u get the answers.
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