FLORIDA AIR EXAM BUSINESS AND FINANCE EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

FLORIDA AIR EXAM BUSINESS AND FINANCE EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
Question 1: When estimating labor, what is the total hourly cost
of a employee if the hourly pay is $15.00 per hr?
-Liability Insurance 2.5%
-Social Security & FICA 7.65%
-Unemployment 0.80%
-Worker Comp 15%
-Benefits 10%
CORRECT ANSWER: $20.39 Per Hour
Question 2: A company has estimated income of $360,000 for
the past year. To achieve a gross profit ratio of 46%, what
should be the cost of sales?
CORRECT ANSWER: 194,400 is the cost of sales

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