Determine the annual cost, average hourly cost, and burden markup of an hourly employee given the following information. Assume the employee takes full advantage of the 4010k) benefit. The employee's health insurance is paid for entirely by the employer. Last year the employee worked 2,104 hours and was paid for an additional So hours of vacation. The employee was paid for at least 40 hours each week and is to be paid time and a half on any work over 40 hours per week. 2. Item Cost Wages Bonus Allowances Social Security Medicare FUTA SUTA Workers' Comp. General Liability 401(k) Health Insurance SAS.75/hr. $7,500 None 7.2% of wages to $106,800 1.85% of wages 0.75% of wages to $7,00 2.2% of wages to S20.000 S0.97 per $100 of wages 0.55% of wages 50% match up to 6% of wages $245/month