Budgeting and Fringe Benefit Calculations for Organizational Planning

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Fundraising Management Budgeting and Fringe Benefit Calculations for Organizational Planning Exercise 1 – You are in the process of working with your Program Managers to prepare the next year budgets. Total salaries for the next fiscal year are $250,000. The Federal Insurance Contributions Act (FICA) rate is 7.65%. Your organization will have six (6) employees all earning wages of greater than $8,500. Your state unemployme nt rate is 4.4% . Medical insurance, disability and workman’s compensation are estimated to be as follows – Medical insurance $20,000 Disability, long - term employer provided $ 5,600 Disability $ 367 Workman’s compensation $ 2,158 Based on the information provided above, what would be the fringe rate (percentage) that you would provide to your Program Managers?
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