Laboratory Expenses:

Employee Benefits - are only available for employees who work 0.75 FTE or greater, but payroll taxes are paid for all employees.

a. Payroll taxes for all employees are calculated at 20% of the base salary (base salary does not include shift differential or overtime)

b. Health/dental insurance is calculated at 17% of the base salary (base salary does not include shift differential or overtime)

c. Vision insurance is calculated at 3% of the base salary (base salary does not include shift differential or overtime)

d. 401K program is calculated at 4% of the base salary (base salary does not include shift differential or overtime)

Calculate the annual cost of payroll taxes for this laboratory (include all employees)

Calculate the annual cost of the 401K program for this laboratory (only for employees who work 0.75 FTE or greater)

Calculate the annual cost for health/dental insurance for this lab (only employees that work 0.75 FTE or greater)