How do I calculate for annual fringe benefits? - Homework iSavedHelpSaCheck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.Christine Boone is an employee at Americamp Vehicles. She earns a salary of $34,900 annually, paid biweekly. She contributes to thefollowing fringe benefits and other deductions:• Medical insurance: $86 per pay period• Dental insurance: $18 per pay period401(k): 5% of gross pay• Union dues: $103 per monthAdditional withholding: $78 per monthRequired:What is the total annual amount of Christine's fringe benefits and other deductions? (Round your answers to 2 decimal places.)X Answer is complete but not entirely correct.Fringe benefitsAmount4,128.00 xMedical insurance432.00 XDental insurance1,745.00401(k)2,472.00 XUnion dues672.00 XAdditional withholding%249,449.00Total annual amount of Christine's fringe benefits and other deductions< Prev8 of 8Next..... ....E.... TIHI75°F Mostly sunnya%24%24%24%24%24

Given : Medical insurance = $86 Dental insurance = $18 401(k) 5% of gross pay…

Answered: Christine Boone is an employee at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How do I calculate for annual fringe benefits?

- Homework i
Saved
Help
Sa
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.
Christine Boone is an employee at Americamp Vehicles. She earns a salary of $34,900 annually, paid biweekly. She contributes to the
following fringe benefits and other deductions:
• Medical insurance: $86 per pay period
• Dental insurance: $18 per pay period
401(k): 5% of gross pay
• Union dues: $103 per month
Additional withholding: $78 per month
Required:
What is the total annual amount of Christine's fringe benefits and other deductions? (Round your answers to 2 decimal places.)
X Answer is complete but not entirely correct.
Fringe benefits
Amount
4,128.00 x
Medical insurance
432.00 X
Dental insurance
1,745.00
401(k)
2,472.00 X
Union dues
672.00 X
Additional withholding
%24
9,449.00
Total annual amount of Christine's fringe benefits and other deductions
< Prev
8 of 8
Next
..... ....E
.... TIHI
75°F Mostly sunny
a
%24
%24
%24
%24
%24

Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

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