Question

You have hired a new site superintendent and decided that her salary will be $72,000 per year. If social security is 6.2% of her rate up to the federal limit of $106,800, medicare is 2%, FUTA is .6% of the first $7,000 of wages, worker's compensation is $8.28 per $100, general liability is 3%, you agree to match the employees contribution to her retirement up to 5% of her salary, health insurance costs are $250 per month. Your state does not require state unemployment tax. Which of the answers below is the closest to the the annual burden markup for this employee?

(You may attach your work for partial credit in the response area.)

Group of answer choices

29%

46%

54%

32%

Answer 1

Answer

29%

Annual burden markup of the employee is closest to 29% out of the available choices ..