During last year, the average carpenter works 40 hours per week for 50 weeks (no overtime work hour) and receives 10 paid days off (based on 2 weeks of regular work hours) for vacation. The employees health insurance is paid for entirely by the employer. Assuming that the employee takes full advantage of the 401(k) benefit, determine the total average hourly cost (including all burden markups shown in the table) for the carpenter:

\begin{tabular}{ll} \hline Item & Cost \\ \hline Wages & $48/hr \\ Bonus & $2,000 \\ Social Security & 6.2% of wages to $160,200 \\ Medicare & 1.45% of wages to $200,000 \\ FUTA (Federal Unemployment Tax) & 6% of wages to $7,000 \\ SUTA (State Unemployment Tax) & 3.05% of wages to $14,000 \\ Workers' Compersation & $7.85 per $100 of wages \\ General Liability & 0.65% of wages \\ 410(k) & 50% match up to 6% of wages \\ Health Insurance & $200 per month \\ \hline \end{tabular} \begin{tabular}{ll} \hline Item & Cost \\ \hline Wages & $48/hr \\ Bonus & $2,000 \\ Social Security & 6.2% of wages to $160,200 \\ Medicare & 1.45% of wages to $200,000 \\ FUTA (Federal Unemployment Tax) & 6% of wages to $7,000 \\ SUTA (State Unemployment Tax) & 3.05% of wages to $14,000 \\ Workers' Compersation & $7.85 per $100 of wages \\ General Liability & 0.65% of wages \\ 410(k) & 50% match up to 6% of wages \\ Health Insurance & $200 per month \\ \hline \end{tabular}