According to the textbook, what is the average cost of benefits, as a percentage of payroll...
According to the textbook, what is the average cost of benefits, as a percentage of payroll for public and private sectors combined?
Select one:
a. 57%
b. 37%
c. 30%
d. 25%
Homework Answers
Answer is: (C) 30%
Wages and salaries averaged at $24.36 per hour. Benefit costs averaged at $10.37 per hour.
Hence the benefit cost is 10.37/(24.36+10.37) = 30.18%
So answer is 30%
For the review team: we need not refer to book to answer this question. Please don’t mark as invalid.
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