Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Complete the benefits chart for the OMY Music Store employees.

[tex]\[
\begin{array}{|c|c|c|c|c|c|c|c|}
\hline
\text{Position} & \text{Annual Wage} & \begin{tabular}{c} \text{2-Week} \\ \text{Vacation} \end{tabular} & \begin{tabular}{c} \text{3.6\%} \\ \text{Workers} \\ \text{Comp.} \end{tabular} & \begin{tabular}{c} \text{9-Day} \\ \text{Sick} \\ \text{Leave} \end{tabular} & \begin{tabular}{c} \text{6.2\%} \\ \text{FICA} \end{tabular} & \begin{tabular}{c} \text{1.45\%} \\ \text{Medicare} \end{tabular} & \begin{tabular}{c} \text{Total} \\ \text{Benefits} \end{tabular} \\
\hline
\text{Manager} & \$65,300 & a. & b. & c. & d. & e. & f. \\
\hline
\text{Technician} & \$32,000 & a. & b. & c. & d. & e. & f. \\
\hline
\end{array}
\][/tex]

Sagot :

To complete the benefits chart for the OMY Music Store employees, we will fill in each column based on the following details provided earlier:

1. Annual Wage: The annual wages are given as \[tex]$65,300 for the Manager and \$[/tex]32,000 for the Technician.

2. 2-Week Vacation: This is calculated as 2/52 (a fraction representing 2 weeks out of 52 weeks in a year) of the annual wage.
- Manager: \[tex]$2,511.54 - Technician: \$[/tex]1,230.77

3. 3.6% Workers Comp: This is calculated as 3.6% of the annual wage.
- Manager: \[tex]$2,350.80 - Technician: \$[/tex]1,152.00

4. 9-Day Sick Leave: This is calculated as 9/365 (a fraction representing 9 days out of 365 days in a year) of the annual wage.
- Manager: \[tex]$1,610.14 - Technician: \$[/tex]789.04

5. 6.2% FICA: This is calculated as 6.2% of the annual wage.
- Manager: \[tex]$4,048.60 - Technician: \$[/tex]1,984.00

6. 1.45% Medicare: This is calculated as 1.45% of the annual wage.
- Manager: \[tex]$946.85 - Technician: \$[/tex]464.00

7. Total Benefits: This is the sum of all the benefits mentioned above.
- Manager: \[tex]$11,467.93 - Technician: \$[/tex]5,619.81

Summarizing the completed benefits chart:

[tex]\[ \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \textbf{Position} & \textbf{Annual Wage} & \textbf{2-Week Vacation} & \textbf{3.6% Workers Comp.} & \textbf{9-Day Sick Leave} & \textbf{6.2% FICA} & \textbf{1.45% Medicare} & \textbf{Total Benefits} \\ \hline Manager & \$65,300 & \$2,511.54 & \$2,350.80 & \$1,610.14 & \$4,048.60 & \$946.85 & \$11,467.93 \\ \hline Technician & \$32,000 & \$1,230.77 & \$1,152.00 & \$789.04 & \$1,984.00 & \$464.00 & \$5,619.81 \\ \hline \end{tabular} \][/tex]