The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Time and a half. Base Wage $22.00 per hour Social Security Tax - 7.65% Unemployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance - $3.10/100 Fringe Benefits $6.25 per hour

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The chief estimator has asked you to determine the average hourly cost for equipnent operators
using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday).
Overtime is paid for over 40 hours at a rate of Tirme and a half.
Base Wage - $22.00 per hour
Social Security Tax - 7.65%
Unermployment Compensation Tax - 2.75%
Worker Compensation Insurance $32.00/100
Public liability/Property Damage Insurance $3.10/100
Fringe Benefits $6.25 per hour
Transcribed Image Text:The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Tirme and a half. Base Wage - $22.00 per hour Social Security Tax - 7.65% Unermployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance $3.10/100 Fringe Benefits $6.25 per hour
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