Instructions Given the following data, compute the 2018 annual employer cost of for the following position: Position: Senior Mechanical Engineer Base Wage: $145,000 per year plus bonus of $21,750 FICA rates: Published 2018 rates and limits Federal/State unemployment tax rate: 1.50% on first $10,000 wages Workers' compensation Insurance rate: 5% of total wages Employer matches 401K contributions dollar- for-dollar up to 6 percent of wages (base wage and bonus) Employee contributes $1,200 per month to the firm's 401K plan Monthly employee health insurance premium is $725 of which the the employee pays 10% and the employer pays 90% Monthly family health insurance premium of $675 is paid by the employee Employee life insurance coverage for one year's base wages is paid by the employer with a monthly premium computed at $0.85 per $1,000 of coverage. Employer pays annual PE licensing fees of $500.00 Employer pays annual continuing education expenses of $2,500.00 Submit your solution directly to Brightspace. You may use an excel schedule if you like