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number 31, on the other picture is part of the problem as well. Medicare- 1.45 percent of all wages FUTA 0.6 percent on the first

image text in transcribed
image text in transcribednumber 31, on the other picture is part of the problem as well.
Medicare- 1.45 percent of all wages FUTA 0.6 percent on the first $7,000 of wages SUTA 1.25 percent on the first $33,600 of wages Workers' compensation insurance-as per Table 3 General liability insurance- 1.05 percent of wages Health insurance (company's portion) - $625 per month per employee Retirement- $0.50 per $1.00 contributed by the employee on 6 percent of the employee's wages 31. The worker classes shown in Table 3 will be used to construct the Real Estate Office in Appendix E. Given the following information, determine the burdened hourly wage rate for each worker class. Assume the workers take full advantage of the retirement benefit. Wage rate-as per Table 3 Hours worked - 40 hours per week for 50 weeks Vacation, holidays, and sick leave 80 hours per year Social security-6.2 percent on the first $127,200 of wages TABLE 3. Worker Classes for Real Estate Office

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