Pgina 11 de 13 Exercise 3. (Previous year exams) Regarding the labor costs, one company shown the following annual data per employee: Gross Annual Salary: "National social security" paid by the employee: "National social security" paid by the company: 16,800 5% 24% Income Tax: Attendance time: Idle time: 8% 1,750 hours 2% Page 11/13 Chapter 3: Materials & Labour. Exercises According with the data given, read the sentences below and write True (T) or False (F) in the space provided. (Inside the question, each incorrect answer cancels out each correct one) (Please show you the mathematical process done) The hourly rate is 15.86 per hour. If the idle time was 4%, the hourly rate would be 12.8 per hour. The total amount of annual labour cost is 18,984. The annual productive time is 1,715 hours. The 24% "National Social Security" paid by the company is subtracted from Gross Annual Salary.