6. Determine the annual cost, monthly cost, and burden Whenprojectingcoststhatincludelabor,itisimportanttoin-cludeallofthecostsassociatedwithcmployees.Thecostofemployeesincludestheirwagesandtheassociatedlaberburmarkupforasalariedemployeegiventheinformationintable8-2.Assumetheemployeetakesfulladvantage employees includes their wages and the associated labor burden. Employees' wages may be determined by market rates, Table 8-2 Wage Information for Problem 6 union contracts, or Federal Davis-Bacon wages decisions. Labor burden includes cash equivalents and allowances paid to the employces, payroll taxes, unemployment insurance, workers' compensation insurance, general liability insurance, insur- Discussion Questions 1. What is the difference between an allowance and a reimbursement? How does this difference affect labor burden? 2. Why are the social security and Medicare taxes paid by the employee not included in labor burden? 3. How does employee turnover affect the labor burden costs? 4. What can a company do to reduce its workers' compensation insurance costs? 6. Determine the annual cost, monthly cost, and burden Whenprojectingcoststhatincludelabor,itisimportanttoin-cludeallofthecostsassociatedwithcmployees.Thecostofemployeesincludestheirwagesandtheassociatedlaberburmarkupforasalariedemployeegiventheinformationintable8-2.Assumetheemployeetakesfulladvantage employees includes their wages and the associated labor burden. Employees' wages may be determined by market rates, Table 8-2 Wage Information for Problem 6 union contracts, or Federal Davis-Bacon wages decisions. Labor burden includes cash equivalents and allowances paid to the employces, payroll taxes, unemployment insurance, workers' compensation insurance, general liability insurance, insur- Discussion Questions 1. What is the difference between an allowance and a reimbursement? How does this difference affect labor burden? 2. Why are the social security and Medicare taxes paid by the employee not included in labor burden? 3. How does employee turnover affect the labor burden costs? 4. What can a company do to reduce its workers' compensation insurance costs