Capital Construction employs 79 workers with a gross weekly payroll of \( \$ 35,076 \). Fringe benefits are \( \$ 30.98 \) per employee for dental insurance, \( \$ 9.15 \) per employee for discount club memberships and \( 6.6 \% \) of payroll for a pension plan. What is the total cost of fringe benefits? Select one: a. \( \$ 5,485.29 \) b. \( \$ 4,245,67 \) c. \( \$ 3,170.27 \) d. \( \$ 2,447.42 \)
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To calculate the total cost of fringe benefits, we need to break it down into three parts: dental insurance, discount club memberships, and pension plan contributions. 1. **Dental Insurance**: \( 79 \text{ workers} \times 30.98 = 2,448.42 \) 2. **Discount Club Memberships**: \( 79 \text{ workers} \times 9.15 = 721.85 \) 3. **Pension Plan**: \( 35,076 \times 0.066 = 2,316.93 \) Now, let's sum these amounts: \( 2,448.42 + 721.85 + 2,316.93 = 5,487.20 \) Since the question presents a choice, the closest answer appears to be **a. \( \$ 5,485.29 \)**.