If an employee is expected to make $27,332/yr in wages. Calculate the total annual cost...
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If an employee is expected to make $27,332/yr in wages. Calculate the total annual cost of this employee using the following: Social Security tax = 6.8% of wages up to $105,000 Medicare = 1.8% of wages Workers Comp = $4.25/ $100 of wages FUTA = 0.8% of wages up to $7,000 General Liability Ins. = 0.5% of wages Retirement contribution = 50% match up to 6% of wages Annual cost of employee = ????
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