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Question 4: Construction company XYZ has estimated the labor expenses for a foreman to be...

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Question 4: Construction company XYZ has estimated the labor expenses for a foreman to be the following: Annual Salary Bounce 120000 8000 500 Allowances Social security Social security limit Medicare Futa 6.20% 128700 1.45% 0.60% Limit 7,000 SUTA Rate 3% 7,000 SUTA Limit Worker's comp. Rate $/$100 4.25 General Liability Rate 401K Health Insurance $/per month 1.02% 7% 375 Calculate annual cost of this worker for the company and its % of mark up

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