53) Given the info below, calculate the loaded hourly labor rate67 Project Mgr $80,000/yr38 2080 hours per year39 Proj Manager worked 40 hours/week for 50 weeksSocial security 6,2 % on first $106,800Medicare 1.45% of all wagesFUTA 8 % on first $700040414243SUTA 4.5% of first $18,00044 Workers Comp $7.25 per $100 of wagesGeneral Liability 75% of wages45Health insurance $300/moRetirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5%46474849+

Name: 53) Given the info below, calculate the loaded hourly labor rate67 Pr
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Description: 53) Given the info below, calculate the loaded hourly labor rate67 Project Mgr $80,000/yr38 2080 hours per year39 Proj Manager worked 40 hours/week for 50 weeksSocial security 6,2 % on first $106,800Medicare 1.45% of all wagesFUTA 8 % on first $7000

According to the given question, we are required to compute the loaded labor rate. Labor rate: The…

Business

Accounting

3) Given the info below, calculate the loaded hourly labor rate 6 3 0 1 2 3 4 45 Project Mgr $80,000/yr 2080 hours per year Proj Manager worked 40 hours/week for 50 weeks Social security 6,2 % on first $106,800 Medicare 1.45% of all wages FUTA 8% on first $7000 SUTA 4.5% of first $18,000 Workers Comp $7.25 per $100 of General Liability .75% of wages wages + 46 Health insurance $300/mo 47 Retirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5% 48 19

3) Given the info below, calculate the loaded hourly labor rate 6 3 0 1 2 3 4 45 Project Mgr $80,000/yr 2080 hours per year Proj Manager worked 40 hours/week for 50 weeks Social security 6,2 % on first $106,800 Medicare 1.45% of all wages FUTA 8% on first $7000 SUTA 4.5% of first $18,000 Workers Comp $7.25 per $100 of General Liability .75% of wages wages + 46 Health insurance $300/mo 47 Retirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5% 48 19

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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