(L.OBJ. 3) Computing the payroll expense of an employer [10 min]
Return to the Gina Tarver payroll situation in Short Exercise 10-4. Tarver’s employer, College of St. Mary, pays all the standard payroll taxes plus benefits for employee retirement plan (4% of total pay), health insurance ($105 per employee per month), and disability insurance ($11 per employee per month).
Requirement
1. Compute College of St. Mary’s total expense of employing Gina Tarver for the 52 hours that she worked during the first week of February. Carry amounts to the nearest cent.
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