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 36.00 $/hour

Total hours worked during year 2420 hrs

Overtime Rate 1.75

Paid vacation 100 hrs

Bonus $270 per 6 months

Allowances $125 per month

Reimbursement upto $50 per month

Social Security Rate 7.20 %

Social Security wage cap $92,200

Medicare 1.45%

FUTA Rate 8.0%. 5.4% credit is received if SUTA is paid on time.

FUTA Limits $7,500

SUTA Rate 12.75 %

SUTA Limit $13,000

Worker's Comp. Rate $0.52 /$100

General Liability Rate 0.65 %

401(k) Matching $0.65 per $1.00

401(k) Limit 7.2500%

Health Insurance (paid by employer) $ 250 / Month. Another $350 is deducted from employees paycheck.

Union Dues $ 150 / Month

,Conference $500 / quarter

Training $400 every six months

HSA $175/Month

FSA $150/ Month

LFSA $200/Month

DCA $125/ Month

Assumptions: Assume SUTA was not paid on time Assume employee has no tax dependents Assume employee will not prefer high deductible insurance plan. Assume employee will take the full advantage of retirement