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A full time employee works 2,080 hours per year. Benefits paid by the employer, on behalf of the employee, are calculated at the rate of 30% of the annual salary.
Calculate the cost of benefits and the annual budget needed to pay the total annual compensation of each of the coders in your department.
Compete the chart below for each employee
Employee Name
Compensation Rate (per hour)
Annual Salary (per employee)
Cost of Benefits (per employee)
Total Annual Compensation (per employee)
B. Alexander
$26.00
$54,080.00
$Type answer here
S. Moore
$23.00
$47,840.00
R. Woods
$25.00
$52,000.00
C. Croft
$24.00
$49,920.00
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