Courtney owns a business in Massachusetts, which has a flat income tax of 5.3%. She hires a new employee, Shannon for $60,000 a year. In addition to Shannons salary, Courtney pays her a 5% matching contribution to a 401(k) retirement plan (on her annual salary plus bonus), $940 a month for Shannons health insurance, 1.25% for workers compensation insurance, and $1,000 each year for a holiday bonus.

What is the total compensation package Courtney is paying for Shannon? Note: Assume Shannon is single, does not have any other taxable income, claims the standard 2013 deduction of $6,100, and the 2013 exemption of $3,900.