The health information managemnet supervisor agrees to pay a new graduate $13.50 per hour. This is a full-time coding position at 2,080 hours per year. The cost for a full-time employee's fringe benefits is 24 percent of the employee's salary. How much must the supervisor budget for the employee's salary and fringe benefits?

1.24($13.50*2080) = ?

To calculate the total budget required for the employee's salary and fringe benefits, follow these steps:

Step 1: Calculate the employee's salary:
The hourly rate is $13.50, and the employee works for 2,080 hours per year.
So, the annual salary is 13.50 * 2,080 = $28,080.

Step 2: Calculate the fringe benefits cost:
The fringe benefits cost is calculated as 24 percent of the employee's salary.
Fringe benefits cost = 24/100 * $28,080 = $6,739.20.

Step 3: Calculate the total budget:
To get the total budget, add the employee's salary and the fringe benefits cost.
Total budget = Employee's salary + Fringe benefits cost
Total budget = $28,080 + $6,739.20 = $34,819.20.

Therefore, the supervisor must budget $34,819.20 for the employee's salary and fringe benefits.