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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]



Answer :

GinnyAnswer
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]

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