(Answered) Determine the annual cost monthly cost and burden markup

Finance

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

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91893050
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

What is the difference between earnings per share and pe

What is the difference between Earnings per Share and P/E ratio? What do they measure?

Is there a way to protect and secured the file with a

Is there a way to protect and secured the file with a password, checked compatibility, and removed inappropriate information on Powerpoint?

What is forward marketgive some example of forward market

What is forward market? Give some example of forward market in tourism Analyze characteristics, advantage and disadvantage from the example

Rich has an annual salary of 75000 which is expected to

Rich has an annual salary of $75,000 which is expected to increase by 3.5% per year. What would be his annual salary in real terms at the end of 7th year if inflation is expected to be 1.75%?

Suppose that a zero-coupon bond that matures in 1 year

Suppose that a zero-coupon bond that matures in 1 year costs $97 and that a zero-coupon bond that matures in 2 years costs $94. a) What must be the price of a 2-year coupon bond with a 5% coupon rate? (All face values ar ...

The exchange rates in new The exchange rates in New

The exchange rates in New York are: $1 = AUD 1.262 and $1 = £0.7492 A dealer is offering a quote: AUD 1 = £0.9067. What is the profit you can earn on $11977 using triangle arbitrage?

A firm is considering a project that has the following

A firm is considering a project that has the following estimated cashflows: Increased sales to business of $100,000 for the next six years (starting in one year's time) Increased costs of $30,000 for the next six years ( ...

Assignment - write a financial analysis for a us-based

Assignment - Write a financial analysis for a U.S.-based, publicly traded organization. To begin, research the latest two years of financial statements for a publicly traded organization based in the United States. Obtai ...

Company has been growing at a rate of 10 per year and you

Company has been growing at a rate of 10% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. If the discount rate is 25% and the steady growth rate after 3 years is 2%, w ...

Suppose you want to raise 15m for a new machine you plan to

Suppose you want to raise $15m for a new machine. You plan to raise the funds by selling 20-year $1,000 bonds with a semi-annual coupon rate of 5% and 8% yield. Before putting the bonds to market, inflation drops half a ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert