Determine the Gross Hourly Rate

- A worker is paid $26.50/hr. The work year consists of 52 40-hour weeks with overtime schedules for 26 Saturday's. The company allows 8 paid holidays and 10 vacation days. Four sick days are budgeted and are typically used (include either in holiday or vacation line, or add another line in the template if you wish). Expected non-productive non-chargeable hours are 2% of total 2080 hours. There is no bonus for performance. Non-hourly costs include FICA at current rates, worker's comp at 2% of regular wages up to $20,000, accident insurance of $600 for the year, a supplemental medical plan for $300 for the year, and unemployment insurance of $800 for the year Gross Hourly Rate Job Title: Non-Chargeable Hrs: Wage: Worker's Comp: Subsidy (Bonus): Unemployment Ins: Holidays: Medical Ins: Vacation: Uniforms: Planned OT: Annual Annual Hours Cost 1. Regular Hours 2. Planned OT Excess Cost 3. Subtotal 4. Holiday 5. Vacation 6. NonChargeable 7. Subtotal 8. Chargeable 9. Subsidy 10. Chargeable Std 11. NonHourly Costs FICA (@7.65%) Workers Comp Unemployment Ins Medical Ins Uniforms 12. Subtotal 13. Excess Costs 14. Excess Hourly Rate 15. Regular Rate 16. Gross Hourly Rate 17. % Increase