Base wages are $48,000 and employer payroll burden is estimated at 22 percent. What total labor cost should be budgeted?
Correct Answer
C) $58,560.
Payroll burden is $48,000 x 22 percent = $10,560. Total budgeted labor cost is $58,560.
Why This Is the Correct Answer
Payroll burden is $48,000 x 22 percent = $10,560. Total budgeted labor cost is $58,560.
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