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Determine the effective hourly cost, the total annual cost, and the labor burden markup for the Superintendent with the following wage and benefit information.

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Determine the effective hourly cost, the total annual cost, and the labor burden markup for the Superintendent with the following wage and benefit information. Wages 52.00 $/Hour Total hours worked during year 2,640 Hours Reimbursements 50 S/Month Overtime Rate 1.75 Times Bonus 330 S/quarter Allowances 155 S/month Social Security Rate 7.20 % Social Security Limit 155,000 $ Medicare Rate 1.65 %6 FUTA Rate 8.00 % FUTA Limits 9,500 $ FUTA Waiver (credit) 5.4 % SUTA Rate 6.75 % SUTA Limit 13,500 $ Worker's Comp. Rate 0.52 $/$100 General Liability Rate 0.60 401(k) Matching 0.75 401(k) Limit Health Insurance Union Dues Conference Training HSA DCA FSA LFSA Paid Vacation 7.00 450 % $ per $ % of wages S/Month Another $300 is deducted from employee's paycheck S/month $/6 months 200 2500 1,300 $/year 400 $/month 350 $/month 300 $/month 150 S/month 160 hours Assumptions: Assume SUTA was paid on time Assume employee has 5 tax dependents Assume employee will make the best use of all health/benefit accounts. Assume employee will take the full advantage of the retirement benefit I

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