What is the Retirement contribution rate listed?

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Multiple Choice

What is the Retirement contribution rate listed?

Explanation:
Retirement contributions are the portion of payroll allocated to funding retirement benefits. The rate listed is 0.35%, so you multiply gross payroll by 0.0035 to determine the retirement cost. For example, with a payroll of $120,000, the retirement contribution would be $420. The other numbers do not match the data provided for this item; they’re not the retirement contribution rate shown in the material.

Retirement contributions are the portion of payroll allocated to funding retirement benefits. The rate listed is 0.35%, so you multiply gross payroll by 0.0035 to determine the retirement cost. For example, with a payroll of $120,000, the retirement contribution would be $420. The other numbers do not match the data provided for this item; they’re not the retirement contribution rate shown in the material.

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