Question
Given the following infonnation, detennine the burdened hourly wage rate for a carpenter. Assume the carpenters take full advantage of the retirement benefit. Wage rate-$23.00
Given the following infonnation, detennine the burdened hourly wage rate for a carpenter. Assume the carpenters take full advantage of the retirement benefit.
Wage rate-$23.00 per hour Hours worked-45 hours per week for 30 weeks, and 40 hours per week for 20 weeks
Vacation, holidays, and sick leave-Two weeks at 40 hours per week
OvertimeTime-and-a-half for any hours over 40 per week
Gas allowance-$150 per month
Annual bonus-$300 Social Security-6.2 percent on the first $106,800 of wages
Medicare1.45 percent of all wages
FUTA-0.8 percent on the first $7,000 of wages
SUTA-5.8 percent on the first $10,000 of wages
Worker's compensation insurance-$12.25 per $100.00 of wages
General liability insurance-0.55 percent of wages
Health insurance (company's portion)-$450 per month per employee
Retirement-$0.50 per $1.00 contributed by the employee on 6 percent of the employee's wages
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