Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An iron worker works 9 hr/day, 5 days/wk. A base wage of $21/hr is paid for all straight-time work, 8 hr/day, 5 days/wk. An

image text in transcribed

An iron worker works 9 hr/day, 5 days/wk. A base wage of $21/hr is paid for all straight-time work, 8 hr/day, 5 days/wk. An overtime rate of 1.5 is paid for all hours over 8 hr/day, Monday through Friday, and double time is paid for all Saturday work. A $50 allowance is paid every month. The social security is 7.65 % and the unemployment tax is 3.1% of actual wages. The rate for worker's compensation insurance is $12.35 per $100 of base wage (includes overtime pay), and public liability and property damage insurance rate is $3.15 per $100 of base wages (includes overtime pay). Choose the closest average hourly cost to hire the helper. $1290.31 $2043.81 $1312.92 $1314.72 $1791.94 $1234.93

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Social Profit Handbook

Authors: David Grant

1st Edition

1603586040, 978-1603586047

More Books

Students also viewed these Finance questions