Current Compensation Costs

Average yearly wage $26,769

Average hourly wage 13.12

Dollar value of yearly benefits, per employee 8,923

Total compensation (wages plus benefits) 35,692

Daily average number of hours paid 8.0

_________Benefits (by category)__________ Dollar/Cost Employee/Year

1. Legally required payments (employers share only). $2,141.00

a. Old-age, survivors, disability, and health insurance (FICA) taxes 1,509.00

b. Unemployment compensation 292.00

c. Workers compensation (including estimated cost of self-insured) 311.00

d. Railroad retirement tax, railroad unemployment and cash sickness

insurance, state sickness benefits insurance, etc. 29.00

please explain how u get the answers.