Vidyalelo
Commerce · Q307

Costing

Graduate and Post Graduate · Commerce · question 307

Q307

Health care premium for workers and pension costs are included in

A.
payroll fringe costs
Answer
B.
health costs
C.
premium costs
D.
workers costs

Answer: Option A

Solution

Answer: Option A
Solution:
Health care premium for workers and pension costs are included in payroll fringe costs. A fringe benefit rate is a percentage that results from dividing the cost of an employee's fringe benefits by the wages paid to the employee for the hours actually worked.