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Workspan Daily Plus+
04/10/2025
Author(s):
Workspan Daily
08/05/2022
Author(s):
Workspan Daily Plus+
02/10/2025
The calculation:
;Total hours worked by FT employees:
;50 FT employees x 2,080 = 104,000 hours per year;;
;Total hours worked by PT employees:
;20 PT employees x 30 = 600 hours per week;
;600 hours per week x 52 weeks
= 31,200 hours per year;;
;Calculate total FTEs:
;104,000 hours (FT) + 31,200 hours (PT) = 135,200 hours;
;135,200 hours / 2,080 hours = 65 FTEs;;
Therefore, while the headcount is 70 employees, this organization has 65 FTEs.
Author(s):
Workspan Daily Plus+
08/20/2025
Funds can be used for:;
;;Higher education (tuition, fees, books, supplies, equipment, and room and board);;K-12 education (up to $10,000 per year for tuition; this limit increases to $20,000 in 2026, and includes curriculum, materials and other educational programs);;
;Student loans (a lifetime maximum of $10,000 per beneficiary to repay qualified student loans);;
;Vocational training (costs for workforce training, licenses and credentialing fees); and,;
;Other educational needs (fees for standardized tests [e.g., SAT, ACT], fees for college courses taken during high school and specialized educational therapies for students with disabilities).;;
; Employer Contributions While there is no specific federal cap on an employer’s contribution to 529 plans, the contributions are treated as taxable income and are subject to gift-tax rules.
Author(s):
