Employers Analysis |
| Number of Employees |
10 |
| Hours Worked Per Week |
40 |
| Hourly Rate |
$15.00 |
| Gross Earnings |
$6,000.00 |
| |
| Equipment Value As A Ratio |
35% |
| Equipment Earnings |
$2,100.00 |
Employer Expenses |
Rates |
|
Standard
Payroll Costs |
|
ProfitMax
Plus System |
| |
|
|
|
|
|
|
| Basis of Burden |
|
|
|
$6,000.00 |
|
$3,900.00 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| FICA |
|
0.062 |
|
$372.00 |
|
$241.80 |
| Medicare |
|
0.0145 |
|
$87.00 |
|
$56.55 |
| SUI & FUTA |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Workers’ Compensation |
|
|
|
|
|
|
| Experience Mod Rate |
|
1.00 |
|
|
|
|
| Surcharge |
|
1.00 |
|
|
|
|
| Class Code: 5645 |
|
0.2778 |
|
$1,666.80 |
|
$1,083.42 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| General Liability Insurance |
|
0.055 |
|
$330.00 |
|
$214.50 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Equipment Reimbursement Contribution |
|
|
|
$2,100.00 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Gross Cost |
|
|
|
$8,455.80 |
|
$7,596.27 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Payroll Period Savings |
|
|
|
|
|
$859.53 |
| Number of Pay Periods |
|
|
|
|
|
52 |
