6. Determine the annual cost, monthly cost, and burden in Table 8-2. Assume the employee takes full advantage markup for a salaried employee given the information of the 401(k) benefit. Table 8-2 Wage Information for Problem 6 Item Wages Cost $145,000 $10,000

FINANCIAL ACCOUNTING
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Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question
44
a reim-
urden?
aid by
costs?
npen-
AGREE TO PAY ABOVE TOTAL AMOUNT
ACCORDING TO CARD ISSUER AGREEMENT
ortant to in-
The cost of
labor bur-
rket rates,
decisions.
ces paid to
ce, work-
ce, insur-
enefits.
◄ Previous
Rental Customer:
ZACH ZABRISKIE
6. Determine the annual cost, monthly cost, and burden
markup for a salaried employee given the information
in Table 8-2. Assume the employee takes full advantage
of the 401(k) benefit.
Table 8-2 Wage Information for Problem 6
Item
Wages
Bonus
Allowances
Social Security
Medicare
FUTA
SUTA
Workers' Comp.
General Liability
tv
401(k)
Health Insurance
Cost
$145,000
$10,000
$500 per month for vehicle
6.2% of wages to $128,700
1.45% of wages
0.6% of wages to $7,000
3.0% of wages to $7,000
$4.25 per $100 of wages
1.02% of wages
100% match up to 6% of wages
$375/month
♫
7. Set up a worksheet to calculate the annual cost, aver-
age hourly cost, and the burden markup of an hourly
employee. The spreadh
enter
In t
era
CO
pr
C
a
C
i
Transcribed Image Text:44 a reim- urden? aid by costs? npen- AGREE TO PAY ABOVE TOTAL AMOUNT ACCORDING TO CARD ISSUER AGREEMENT ortant to in- The cost of labor bur- rket rates, decisions. ces paid to ce, work- ce, insur- enefits. ◄ Previous Rental Customer: ZACH ZABRISKIE 6. Determine the annual cost, monthly cost, and burden markup for a salaried employee given the information in Table 8-2. Assume the employee takes full advantage of the 401(k) benefit. Table 8-2 Wage Information for Problem 6 Item Wages Bonus Allowances Social Security Medicare FUTA SUTA Workers' Comp. General Liability tv 401(k) Health Insurance Cost $145,000 $10,000 $500 per month for vehicle 6.2% of wages to $128,700 1.45% of wages 0.6% of wages to $7,000 3.0% of wages to $7,000 $4.25 per $100 of wages 1.02% of wages 100% match up to 6% of wages $375/month ♫ 7. Set up a worksheet to calculate the annual cost, aver- age hourly cost, and the burden markup of an hourly employee. The spreadh enter In t era CO pr C a C i
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