5. Score Skateboard Company is a small firm that designs and manufactures skateboards for high school and college students who want effective, fast transportation around campus. Score has two employees who receive $1,100.00 gross pay per semimonthly pay period and four employees who receive $850.00 gross pay per semimonthly pay period. The company owner and manager, Christie, needs to determine how much to include in her budget for each employee. Starting in January, Score will be contributing $75.00 per pay period to each employee's retirement fund. a. Calculate the cost to Score for an employee with $1,100.00 gross pay in the first pay period in January. b. Calculate the cost to Score for an employee with $850.00 gross pay in the first pay period in January. c. Calculate the total gross semimonthly pay for all six employees.

(a) Cost to Score for an employee with $1,100.00 gross pay is $1,175.00.

(b) Cost to Score for an employee with $850.00 gross pay is $925.00.

(c) Total gross semimonthly pay for all six employees is $6,050.

Explanation:

The questions can be answered as follows:

a. Calculate the cost to Score for an employee with $1,100.00 gross pay in the first pay period in January.

This can be calculated as follows:

Cost to Score for an employee with $1,100.00 gross pay = Gross pay + Contribution to retirement fund = $1,100.00 + $75.00 = $1,175.00

b. Calculate the cost to Score for an employee with $850.00 gross pay in the first pay period in January.

This can be calculated as follows:

Cost to Score for an employee with $850.00 gross pay = Gross pay + Contribution to retirement fund = $850.00 + $75.00 = $925.00

c. Calculate the total gross semimonthly pay for all six employees.

This can be calculated as follows:

Cost to Score for 2 employee with $1,100.00 gross pay = $1,175.00 * 2 = $2,350

Cost to Score for 4 employee with $850.00 gross pay = $925.00 * 4 = $3,700

Total gross semimonthly pay for all six employees = Cost to Score for 2 employee with $1,100.00 gross pay + Cost to Score for 4 employee with $850.00 gross pay = $2,350 + $3,700 = $6,050

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