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Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What are other employee benefits?

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Lesson Objective Calculate total business travel expenses. Content Vocabulary travel expenses Costs required for business travel, such as transportation, lodging, and meals, which are often reimbursed by a company.

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The accounting department for Diversified Sales Company will reimburse Roger Martin for attending a 3-day marketing conference. He drove to the conference, so Diversified will pay him $0.35 per mile. Martins expenses included the following: Example 1

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Example 1 (cont.) What is the total cost of sending Martin to the conference?

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Find the cost of transportation. (240 × $0.35) + $7.20 $84.00 + $7.20 = $91.20 Example 1 Answer: Step 1

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Find the cost of lodging. 2 × $174.50 = $349.00 Example 1 Answer: Step 2

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Find the cost of meals. $29.12 + $48.20 + $19.37 = $96.69 Example 1 Answer: Step 3

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Find the additional costs. Conference registration = $95.00 Example 1 Answer: Step 4

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Find the total travel costs. Cost of + Cost of + Cost of + Additional Transportation Lodging Meals Costs $91.20 + $349.00 + $96.69 + $95.00 = $631.89 Example 1 Answer: Step 5

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Joseph Sandis recently traveled out of town for a sales conference. His travel expenses included $358 for airfare and a car rental for 4 days at $24.25 a day plus a fuel charge of $16. His hotel bill was $429.60 and his meals cost $84.38. What was Sandis total travel expense? Practice 1

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$984.98 Practice 1 Answer

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