3) Given the info below, calculate the loaded hourly labor rate Project Mgr $80,000/yr 2080 hours per year Proj Manager worked 40 hours/week for 50 weeks Social security 6,2 % on first $106,800 Medicare 1.45% of all wages FUTA 8% on first $7000 SUTA 4.5% of first $18,000 Workers Comp $7.25 per $100 of wages General Liability .75% of wages Health insurance $300/mo Retirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5%