Reference no: EM13758212
Given the following information, determine the burdened hourly wage rate for a carpenter. Assume the
carpenters take full advantage of the retirement benefit.
Wage rate—$23.00 per hour
Hours worked—45 hours per week for 30 weeks, and 40 hours per week for 20 weeks
Vacation, holidays, and sick leave—Two weeks at 40 hours per week
Overtime—Time-and-a-half for any hours over 40 per week
Gas allowance—$1 50 per month
Annual bonus—$300
Social Security—6.2 percent on the first $1 06,800 of wages
Medicare—1 .45 percent of all wages
FUTA—0.8 percent on the first $7,000 of wages
SUTA—5.8 percent on the first $1 0,000 of wages
Worker’s compensation insurance—$1 2.25 per $1 00.00 of wages
General liability insurance—0.55 percent of wages
Health insurance (company’s portion)—$450 per month per employee
Retirement—$0.50 per $1 .00 contributed by the employee on 6 percent of the employee’s wages
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: Given the following information, determine the burdened hourly wage rate for a carpenter. Assume the carpenters take full advantage of the retirement benefit.
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