Determine the annual cost monthly cost and burden markup

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Determine the annual cost, monthly cost, and burden markup for a salaried employee given the following information. Assume the employee takes full advantage of the 401(k) benefit.

ITEM COST______________

Wages ........................ $80,000

Bonus ......................... $10,000

Allowances ................ $500 per month for vehicle

Social Security ........... 6.2% of wages to $84,900

Medicare .................... 1.45% of wages

FUTA ........................ 0.8% of wages to $7,000

SUTA ........................ 3.0% of wages to $7,000

Workers' Comp. ........ $4.25 per $100 of wages

General Liability ....... 1.02% of wages

401(k) ........................ 100% match up to 6% of wages

Health Insurance ....... $175/month

Reference no: EM131136536

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