Question
NEED HELP PLEASE!! During the year, on the average the carpenters work 50 hours per week for 40 weeks and 40 hours per week for
NEED HELP PLEASE!!
During the year, on the average the carpenters work 50 hours per week for 40 weeks and 40 hours per week for 10 weeks. They are paid time-and-a-half for any hours over 40 hours per week and receive 10 days off per year in the form of vacation, sick leave, and holidays. The employees health insurance is paid for entirely by the employer. Determine the average hourly cost for the carpenters given the following information.
Item: | Cost: |
Wages | $14/hr |
Bonus | None |
Allowances | None |
Social Security | 6.2% of wages to $87,900 |
Medicare | 1.45% of wages |
FUTA | 0.8% of wages to $7,000 |
SUTA | 2.1% of wages to $18,000 |
Workers Comp. | $8.20 per $100 of wages |
General Liability | 0.75% of wages |
401(k) | None |
Health Insurance | $200/month |
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