Fundraising ManagementBudgeting and Fringe Benefit Calculations for Organizational PlanningExercise 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.TheFederal 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 unemployment rate is 4.4%.Medical insurance, disability and workman’s compensation are estimated to be as follows–Medical insurance$20,000Disability, long-term employer provided$ 5,600Disability$367Workman’s compensation$ 2,158Based on the information provided above, what would be the fringe rate(percentage)thatyou would provide to your Program Managers?Preview Mode
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