Assignment 1 Given the following information, determine the burdened hourly wage rate for an equipment operator. Assume the equipment operator takes full advantage of the retirement benefit. Wage rate $40.00/hr. sick leave 3 weeks at 40 hr./wk. Hours worked- 45 hr./wk. for 29 weeks, 40 hr./wk. for 20 weeks Overtime-time-and-a-half for any hours over 40 hr./wk. Vacation, holidays, and Gas allowance $200/month Annual bonus - $1000 Social Security 6.2% on the first $147,000 of wages Medicare 1.45% of all wages Health Insurance(company's portion) - $400.00/month FUTA 0.6% on the first $7000/wages SUTA-2.5% of the first $10,000/wages Workers compensation insurance - $15.25 per $100.00 of wages General Liability Insurance -0.55% of wages Retirement $0.80/$1.00 contributed by the employee on 7% of the employee's wages