You have been running a construction company out of your home with your spouse. The company has grown well and begun to take up too much time of you and your spouse. Therefore, the company made a decision to hire a part-time estimator and a full-time office manager at the rented office. The duty of an office manager will include accounting, receptionist, and secretarial duties. Determine a general overhead cost of your company as assuming today is December, 23. Please use a pre- fomatted excel spreadsheet as attached and submit your work through Blackboard. Additionally, please fill out highlighted blank cells to get whole credits. Estimated wages for you and your spouse including burdens are: The owner (you): S 90,000 Your spouse: $ 45,000 . Other items Estimator's Wage Office Manager's Wage Social Security tax Medical Tax Federal unem State unemploymentt Worker's compensation insurance General Liability Insurance Retirement Plan (401K) Health Insurance VacatioSickHolida S16hr for 20 hrs/week S13/hr for 40 hrs/week 6.2% of w 1.45% of w 0.8% of 2.0% of wages up to $9,000 S1.25 per S100 of wage 0.67% of wages 50% of match up to 6% of wages S150 month 10 days up to $97,500 tax (FUTA ax to $7,000 1,200 sf. Preferred office size: Calculated interest expense for the year: $1,200 Charitable contribution on December Advertising: Office supplies; Office rent: Office utility: Bank fees: Allowance for miscellaneous expenses $100 per month There are 52 weeks per year $3,000 1 % of revenues $300 per month 12 per square foot per year 0.27 per square foot per month $50 per month revenues of the coming year. $2,460,000 The company needs to pay $100 for a business license renewal on next January