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These figures provided the basis for calculation of the individual employee earnings, contributions and benefits as well as the FICA deductions. To provide a cost benefit analysis, both the expenditures incurred by the department and the benefits translated to savings must be computed.
The personnel based expenditures include the salaries and wages and Employee benefits contributed by the department. Values for these two items are obtained from the 2014 adopted budget. The company is obliged to make social security contribution of 6.2% and Medicare contribution of 1.45% of the salaries and wages respectively. Additionally, each employee is given a retirement related benefit of 7.5% of salaries and wages. Once these figures are calculated, the recurring costs, one-time costs and recurring savings are calculated based on the assumptions that the pilot experiment will run for a transition period of six months and involves 5 employees only. Additionally, the experiment will be projected for a period of five years after the transitional period. This eventually provides values for present value of costs and the present value of benefits that are then used to calculate the net present Value and the Benefit/cost ratio.
Essentially, the figures used for the calculations were obtained from the adopted budget for the county for the 2014 financial year. According to the report the human resource department has a staff FTE of 14, calculated salaries and wages of $993,967 and employee benefits amounting to $255,692. These figures are used to derive the employee benefits, FICA tax withholdings, social security and Medicare contributions. Social security is computed by multiplying 6.2% (rate of withholding) by the salaries and wages. On the other hand the Medicare contributions are calculated by multiplying the salaries and wages by a withholding rate of 1.45%. It is important to note that all categories of deductions (contributions by employer) except
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Section A The average values of the variables across the two years identified systematic increments as shown in the following tables. Table 1: Measures of averages and dispersion for the year 2011 overhead cost statistics labour hours statistics machine hours statistics number of set ups statistics Mean 181.42 Mean 1162.8 Mean 1517.1 Mean 203.42 Standard Deviation 15.3 Standard Deviation 54.725 Standard Deviation 151.95 Standard Deviation 12.31 Sample Variance 234.08 Sample Variance 2994.9 Sample Variance 23090 Sample Variance 151.54 There was also increase in measures of variations as standard deviation of each of the measures indicates.
The business loan and the Government grants will be repaid in a period of two years at an interest rate of 8 and 1.4 % respectively.
It allows one to add new items and the quantity together with the buying price. The selling price is then calculated
How a person puts this knowledge into use determines the kind of leadership skills that a leader applies and the general success of the organization. Effective leadership has an effect on the employees in the
On the other hand, final draft is a rough draft that has be written again while ensuring that there are no spelling mistakes and grammatical typos. The follow steps may be helpful when writing a draft namely; brainstorming,
Again, calculate this using the correct formula to reflect this in the “Units Sold” for months Feb-June. (Use absolute cell references when needed.)
14. Under “Result-(IF-Statement)” calculate using an IF statement