Answer:
$70
Explanation:
Data provided in the question:
Earnings per week = $500
Bonus received per year = $2,000
Paid vacation = 2 weeks
Paid holidays = 5
Now,
Since the workers have 2 weeks of vacation the fringe benefit will be calculated for 50 weeks
[as 1 year have 52 weeks, so 52 - 2 weeks = 50 weeks]
Now,
Bonus per week = $2,000 ÷ 50 weeks
= $40 per week
Vacation pay for the year = Earning per week × Total vacation per year
= $500 × 2 weeks = $1,000
Thus,
Vacation pay per week = $1,000 ÷ 50 weeks
= $20 per week
since there are 5 days working in a week
Holiday pay per day = $500 ÷ 5 days
= $100 per day
Thus,
Total holiday pay for a year = Holiday pay per day × total holidays per year
= $100 × 5
= $500
Therefore,
Holiday pay per week = $500 ÷ 50 weeks
= $10 per week
Hence,
Combined amount of accrual
= $40 + $20 + $10
= $70
