53) Given the info below, calculate the loaded hourly labor rate 6 7 Project Mgr $80,000/yr 88 2080 hours per year 39 Proj Manager worked 40 hours/week for 50 weeks 40 Social security 6,2 % on first $106,800 41 Medicare 1.45% of all wages 42 FUTA 8 % on first $7000 + 43 SUTA 4.5% of first $18,000 44 Workers Comp $7.25 per $100 of wages 45 General Liability 75% of wages 46 Health insurance $300/mo 47 Retirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5% 48 49 44