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My fringe benefit charges in July do not appear to be calculated with the correct rate. How are fringe benefit and F&A expenses calculated in July?

April 26, 2017appear benefit calculated Charges expenses Fringe July rate

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My fringe benefit charges in July do not appear to be calculated with the correct rate. How are fringe benefit and F&A expenses calculated in July?

1 Answer

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The June payroll transactions are burdened using the fringe benefit and F&A rates in effect in June. The July payroll transactions are burdened using the fringe benefit and F&A rates in effect in July. Both June and July payroll charges appear on July financial reports.