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Given the following information, determine the burdened hourly wage rate for an equipment operator. Assume the equipment operator takes full advantage of the retirement
Given the following information, determine the burdened hourly wage rate for an equipment operator. Assume the equipment operator takes full advantage of the retirement benefit. Wage rate $40.00/hr. sick leave -3 weeks at 40 hr./wk. Hours worked - 45 hr./wk. for 29 weeks, 40 hr./wk. for 20 weeks Vacation, holidays, and Overtime - time-and-a-half for any hours over 40 hr./wk. Gas allowance - $200/month Annual bonus - $1000 Social Security - 6.2% on the first $147,000 of wages Medicare 1.45% of all wages Health Insurance(company's portion) - $400.00/month FUTA -0.6% on the first $7000/wages SUTA -2.5% of the first $10,000/wages Workers compensation insurance - $15.25 per $100.00 of wages General Liability Insurance - 0.55% of wages Retirement -$0.80/$1.00 contributed by the employee on 7% of the employee's wages
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