Estimate the citys full cost of fire department labor

Assignment Help Corporate Finance
Reference no: EM131029616

Solve the question. I have tried to make a table and think I am on track. would you please help me out?

This table shows the staffing and pay rates of the Marshall City Fire Department:

Employee Grade

Number in Grade Salary

Chief

1 $105,000

Shift commander

3 70,000

Firefighter 1

12 39,000

Firefighter 2

26 30,000

Clerical (part-time)

3 15,000

The city is part of the federal Social Security system. The city and the employee each pay Social Security payroll taxes of 6.2 percent of all salary paid up to $90,000 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-benefit components.

Reference no: EM131029616

Questions Cloud

The details of material stocked in a company : The details of material stocked in a company are given below with the unit cost and the an consumption in Rs. Classify the material in to Aclass, Bclass and Cclass by ABCanalysis. S.No. Item Code No. Annual consumption in pieces Unit price in Paise.
Prove that if a real number y satisfies : Prove that if a real number y satisfies 0
Write an essay about international business : Write an essay about International Business. Also Write about experiences what made you to choose international business. Compliance: Has the writer followed all instructions for the assignment?
The details of material stocked in a company : The details of material stocked in a company are given below with the unit cost and the an consumption in Rs. Classify the material in to Aclass, Bclass and Cclass by ABCanalysis. S.No. Item Code No. Annual consumption in pieces Unit price in Paise.
Estimate the citys full cost of fire department labor : 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-benefit components.
Great damage to the user : Mobile devices offer quick access to resources and enable electronic transactions from practically anywhere. The emergence and evolution of mobile devices have opened up a new domain of security concerns: mobile security. Mobile devices, if not prope..
During what times is its acceleration negative : draw three separate graphs for acceleration, velocity and displacement. Explain the relationship between the important information on the graphs.
How article might or might not be useful to your research : A one-paragraph summary of the article that integrates a minimum of two quotes that are cited properly within the style of your discipline. A one-paragraph analysis of how the article might or might not be useful to your research.
How much did he spend each day : A hungry college student goes to the cafeteria and buys lunch. The next day he spends twice as much. The third day he spends $1 less than he did the second day. At the end of 3 days he has spent $35. How much did he spend each day? Use MATLAB's s..

Reviews

Write a Review

Corporate Finance Questions & Answers

  How much must she deposit at the end of each year

Evaluate how much must she deposit at the end of each year

  Determine whether vacutech should purchase the new pump

Determine whether VacuTech should purchase the new pump by calculating the net present value (NPV) at January 1, 2013, of the estimated after-tax cash flows that would result from its acquisition.

  Prepare a memo for the human resources manager

Prepare a memo for the Human Resources Manager and List four specific items relating to bereavement leave that will have to be addressed in the policy to ensure compliance with the standards in each jurisdiction.

  How many shares will stephenson need to issue to finance

Construct Stephenson's market value balance sheet after it announces that the firm will finance the purchase using equity. What would be the new price per share of the firm's stock? How many shares will Stephenson need to issue to finance the purc..

  Consider a 3-yr corporate bond paying a coupon of 7 per

consider a 3-yr corporate bond paying a coupon of 7 per year payable semi-annually and has a yield of 5 expressed with

  What is the single premium that nsd will charge

What is the single premium that NSD will charge to each insured and NSD wants to assume 13% interest rate. Does this seem like a reasonable assumption?

  X ltd went into liquidation its assets realized rs175000

x ltd. went into liquidation. its assets realized rs.175000 excluding the amount realized by sale of securities held by

  Evaluation of ebit-eps indifference point

Evaluation of EBIT-EPS indifference point - One piece of information the company desires for its decision analysis is an EBIT-EPS indifference point.

  1 andersons bank requires a compensating balance of 3

1. andersons bank requires a compensating balance of 3 million. how much additional funds can be freed up for

  How much insurance coverage would insurance company require

How much more insurance coverage would insurance company A require than insurance company B for full coinsurance coverage?

  Compute the budgeted break-even point

A division of Hewlett-Packard Corporation changed manufacture operations from one where large labor force accumulate electronic elements to an automated production facility dominated through computer-controlled robots.

  Consider an idea that you have had for a new product

Consider an idea that you have had for a new product; a product that falls into that category of "Gee, I wish someone would develop_______." or ".I'll bet ______ would be a great product."

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd