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