Determine the effective hourly cost, the total annual cost, and the labor burden markup for the Superintendent with the following wage and benefit information. (50 points) Wages 47.00 Show Total hours worked during year 2760 bus Overtime Rate 1.65 Unpaid vacation 120 bes Boots $150 per quarter Allowances $350 per quarter Reimbursement upto $250 per year Social Security Rate 620 % Social Security wage cap $145,000 Medicare 1,65% FUTA Rate 90%. 5.8% credit is received if SUTA is paid on time. FUTA Limits $9,500 SUTA Rate 70% SUTA Limit $14,000 Worker's Comp. Rate $0.78 /$100 General Liability Rate 075 % 401(k) Matching $0.65 per $1.00 4010 Limit 9.07% Health Insurance (paid by employe) $ 300/Month. Another SS50 is deducted from employee's paycheck Union Dues $ 2500/Year Conference Training $250 every quarter HSA $390/Month is contributed by employee. Eroployer contributes another $100 per month FSA $350/ Month LFSA $200/Month DCA $4001 Month $1500/year Assumptions: Assume SUTA was not paid on time I Asume employee has 3 tax dependents Assume employee sukce the best use of health accounts offered by the employer Assume employee will take the full advantage of retirement Determine the effective hourly cost, the total annual cost, and the labor burden markup for the Superintendent with the following wage and benefit information. (50 points) Wages 47.00 Show Total hours worked during year 2760 bus Overtime Rate 1.65 Unpaid vacation 120 bes Boots $150 per quarter Allowances $350 per quarter Reimbursement upto $250 per year Social Security Rate 620 % Social Security wage cap $145,000 Medicare 1,65% FUTA Rate 90%. 5.8% credit is received if SUTA is paid on time. FUTA Limits $9,500 SUTA Rate 70% SUTA Limit $14,000 Worker's Comp. Rate $0.78 /$100 General Liability Rate 075 % 401(k) Matching $0.65 per $1.00 4010 Limit 9.07% Health Insurance (paid by employe) $ 300/Month. Another SS50 is deducted from employee's paycheck Union Dues $ 2500/Year Conference Training $250 every quarter HSA $390/Month is contributed by employee. Eroployer contributes another $100 per month FSA $350/ Month LFSA $200/Month DCA $4001 Month $1500/year Assumptions: Assume SUTA was not paid on time I Asume employee has 3 tax dependents Assume employee sukce the best use of health accounts offered by the employer Assume employee will take the full advantage of retirement