14. (Labor Estimate) A backhoe operator will be operating a backhoe machine to excavate the foundation. Work is scheduled for 10 hr/day on Monday through Friday and 8 hr on Saturday. Overtime at a rate of one and on-half will be paid for all hours over 8 hr/day on Monday through Friday and double-time for all Saturday work. The base wage, taxes and insurance rates are given below. Calculate the hourly and weekly cost for the backhoe operator. (120 points) Items Base Wage Workers' Compensation Public Liability and Property Damage Social Security (FICA) Unemployment Tax Fringe Benefits Cost $55.00 $7.35/$100 $3.50/$100 6.2% 2.95% @3.00/hr