All categories

1 year ago

Today, benefit and service offerings add nearly _________ to an organization payroll costs

Business

1 answer:

Nookie1986 [14]1 year ago

5 0

Today, benefit and service offerings add nearly <u>40%</u> to an organization's payroll costs.

Employee benefits are indirect financial payments given to personnel. they will include supplementary fitness and lifestyles insurance, vacation, pension plans, education plans, and reductions. three mandatory benefits (CPP/QPP, RI, and workers compensation) account for over 50% of the organization's part of benefits.

It includes salaries, wages and social protection contribution (i.e. health insurance), paid leaves, earnings sharing and bonus, es and non-monetary advantages like automobiles, unfastened scientific facilities, free or backed items, free or subsidized lunch, etc.

Employee benefits are also known as perks or fringe benefits. this is the greater pay given to the personnel over the month-to-month salaries and wages. a few examples of worker benefits are medical health insurance, stock alternatives and medical insurance; these are a few basic blessings presented to employees.

Learn more about insurance here: brainly.com/question/25855858

#SPJ4

You might be interested in

What characteristic is somewhat shared by perfect competition and

kakasveta [241]

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

8 0

3 years ago

Jimmy Company’s cash balance at the end of the month was $8,500. After comparing the company’s records with the monthly bank sta

Elodia [21]

Answer:

The answer is C) $7,970.

Explanation:

We have 04 reconciling items as below:

- Outstanding checks $800: this amount was already recorded in the Cash account of the company once the check was written; thus, the Cash ending balance has already reflected this amount.

- Deposits in transit $700: this amount was already recorded in the Cash or Cash-equivalent account of the company once the deposit was made; thus, the Cash ending balance has already reflected this amount.

- Bank service charge $30: fees paid to banking activities and are deducted without informing to the company. Thus, this deduction in cash is not reflected in the Cash account.

- NSF check $500: this was recorded as the increase in Cash account by the company once the check was written by the person/entity to the company. However, the writer's account balance was not sufficient to honor this check amount to the company; thus Cash Account at the end of the period should reduced by $500. Instead, this $500 may be recorded in Account Receivable account.

Thus, the adjusted cash balance = 8,500 - 30 - 500 = $7,970.

7 0

3 years ago

Please do your best. 75% of my grade

Yanka [14]

Answer:

1.False

2.truth

3.truth

4.False

Explanation:

8 0

2 years ago

What happens to the demand for

Ket [755]

Answer:

Demand decreases

Explanation:

Substitute goods are products that can be used in place of each other. Goods are described as substitutes if a customer can use them interchangeably and get equal or almost the same satisfaction. Tea and coffee will be substitutes if a customer can consume either of them and be happy.

If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.

7 0

3 years ago

Which of the following is not an information characteristic that the GASB identifies as important in government financial report

Romashka-Z-Leto [24]

Answer:

It is Conciseness (D)

Explanation:

Comparability : the financial information produced should be capable of being compared over time and with similar information about other entities.

Timeliness : Financial information should be provided within a time scale suitable for the users decision making purposes.

Reliability : Information contained in the financial reports should inspired confidence in their users which they can rely on in making relevant decision.

Conciseness : This is not part of financial information characteristics.

8 0

3 years ago