by ten full-lle CIm and increase our collections by 59t 3. This tableshows the s

Question

by ten full-lle CIm and increase our collections by 59t 3. This tableshows the staffing and pay rates of the Marshall City Fire Depar Salary (in $) $125,000 $90,000 $49,000 $35,000 $15,000 Number in Grade Employee Grade Chief Shift commander Firefighter1 Firefighter2 Clerical (part-time) 12 26 The city and the employee The city is part of the federal Social Security system. each pay Social Security payroll taxes of 6.2 percent of all salary paid up to $118,500 per employee to finance federal retirement and disability insurance and 1.45 percent of all salary paid to finance Medicare. The city pays a portion of the cost of health insurance for each full-time employee, an amount equal to $180 per month. Employees are part of a pension system financed by a city payment of 20 percent of the employee's salary and an employee payment of 5 percent of the employee's salary. Full-time employees receive an allowance for uniforms of $750 per year. Estimate the city's full cost of fire department labor during the fiscal year, assuming no change in staffing. Separate that cost into salary and fringe-benetit components.

Explanation / Answer

345382

Grade salary SSP TAX (6.2%) Disability insurance (1.45%) health ins. pension system Uniform allowance Total per employee per month number Per employee * number chief 125000 7347 1812.5 180 25000 62.5 159402 1 159402 shift commander 90000 5580 1305 180 18000 62.5 115127.5 3

345382

Firefightr 1 49000 3038 710 180 9800 62.5 62790.5 12 753486 Firefightr 2 35000 2170 507.5 180 7000 62.5 44920 26 1167920 clerical 15000 930 217.5 180 3000 nil 19327.5 3 57982.5 Total 2484172.5

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