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5. Problem Statement: A secretary for your company makes $14 per hour and last year was paid for 2,280 hours of work plus 100 hours

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5. Problem Statement: A secretary for your company makes $14 per hour and last year was paid for 2,280 hours of work plus 100 hours of vacation. The secretary is expected to work the same number of hours this year. $18 per hour is paid on any work over 40 hours per week. In the past, the secretary has received a $600 Christmas bonus. Please answer the following questions. a) Determine the average wages paid to the secretary during a one-year period. b) The secretary in (a) above is paid a $400 per month vehicle allowance to cover use of a personal vehicle for company business. Determine the Social Security Tax (6.2% of each employee's first $118,500 in wages) paid by the company on the secretary c) If the costs of the secretary's burden are given below, determine the total annual cost of the company for this secretary Allowances = $400/month (as described in (b)) Social Security Tax = the result of (b) Medicare Tax = $393.2/year SUTA = $180/year FUTA = $56/year Workers' compensation = $278/year Liability insurance = $ 114/year Health insurance = $1,200/year Retirement = $800/year d) Determine the burden markup

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