An ironworker works 10hr/day, 6 days/week. A base wage of 20.97/hr is paid for all straight-time work, 8 hr/day, 5 day/week. An overtime rate of one time and onehalf is paid for all hours over 8 hr/day, Saturday through Wednesday, and double time is paid for all Thursday work. The social security tax is 7.65% and the unemployment tax is 3% of actual wages. The rate for worker’s compensation insurance is 12.5 per 100 of base wage. Calculate the average hourly cost to hire the ironworker.
Mathbot Says...
I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.