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FICA 7.65%
|
(15.3% for self-employed workers)
|
|
FUTA/SUTA 1%
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(Federal and State Unemployment Tax)
|
|
Workers' Comp 10%
|
(varies widely by state and trade classification)
|
|
Health Insurance 12%
|
(based on $5,000 per year per employee)
|
|
Vacation 4%
|
(two weeks paid vacation)
|
|
Holidays 2%
|
(6 major holidays)
|
|
Personal/Sick Pay 2%
|
(5-6 days)
|
|
Tool Allowance 1%
|
(based on $450 allowance per year)
|
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Escalation 2.5%
|
(Assumes a $1 pay raise for 6 months of the year)
|
|
Total Labor Burden 42.15%
|
|