Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your average hourly employee earns a base wage rate of $30/hour, and works a 40 hour standard work week. Each employee also puts in an

image text in transcribed
Your average hourly employee earns a base wage rate of $30/hour, and works a 40 hour standard work week. Each employee also puts in an average 5 hours of overtime per month at 2x base hourly rate. Employer taxes and workers compensation insurance is 12% of wages plus overtime pay, health insurance costs the company $400/month per employee and you also provide employees vyth parking public transportation passes that cost you 51000/year. What is your burden rate" (total non base wages as a percent of base wages?) 28 32% 21 16% O4OX

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Derivative Products And Pricing The Das Swaps And Financial Derivatives Library

Authors: Satyajit Das

1st Edition

0470821647, 9780470821640

More Books

Students also viewed these Finance questions

Question

What are the principal 1996 changes made to our welfare program?

Answered: 1 week ago

Question

Critically examine the Malthusian Theory of Population Growth.

Answered: 1 week ago

Question

discuss different sources of numerical data;

Answered: 1 week ago

Question

design and evaluate an effective survey instrument;

Answered: 1 week ago

Question

administer a survey to an appropriate sample of respondents;

Answered: 1 week ago