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Determine the annual cost, monthly cost, and burden markup for a salaried employee given the information in Table 8-2. Assume the employee takes full advantage
Determine the annual cost, monthly cost, and burden markup for a salaried employee given the information in Table 8-2. Assume the employee takes full advantage of the 401(k) benefit. Table 8-2 Wage Information for Problem 6 Item Cost Wages $145,000 Bonus Allowances Social Security Medicare $10,000 $500 per month for vehicle 6.2% of wages to $128,700 1.45% of wages 0.6% of wages to $7,000 3.0% of wages to $7,000 $4.25 per $100 of wages FUTA SUTA Workers' Comp. General Liability 401(k) Health Insurance 1.02% of wages 100% match up to 6% of wages $375/month
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