CAA MGMT 499
In this situation, Tim Duggan is the owner and manager of Sky Restaurant. Tim has employed 16 part-time employees and 9 full-time employees. He has a public accountant, Cheryl Williams and pays all of the part-time employees in currency and full-time employees by check.
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The legally required employee benefits comprise almost a quarter of the benefits package that employers offer. The benefits are worker compensation insurance, unemployment insurance and employer contributions to Social Security (Buchmueller, 1999).
All these benefits represent almost 22% of payroll costs. Social Security is the federally governed insurance system.A combination of state and federal taxes is levied upon employers to support the unemployment compensation systems. Each state has an Unemployment Trust Fund from which the earnings from the unemployment taxes are deposited.
Buchmueller, T.C. (1999). “Fringe benefits and the demand for Part-time workers, “Applied
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