EMPLOYEES COST MORE THAN THEIR PAY How much employers to keep someone on the job…, CONSTRUCTION WORKER EMPLOYEE RECEIVES… EMPLOYER PAYS… Gross Wages: Gross Wages: 40 x $12.00 = $480.00 40 x $12.00 = $480.00 Less Taxes: Plus Taxes & Fees: Social Security - 30.00 Social Security 30.00 Medicare - 10.00 Medicare 10.00 Income - 65.00 Workers Comp 10.00 $105.00 Unemployment 5.00 Medical Ins 50.00 NET Wages = $375.00 Cost $585.00 Where does the $105.00 go?
EMPLOYEES COST MORE THAN THEIR PAY How much employers to keep someone on the job…, CONSTRUCTION WORKER EMPLOYEE RECEIVES… Gross Wages: 40 x $12.00 = $480.00 Less Taxes: Social Security - 30.00 Medicare - 10.00 Income - 65.00 $105.00 NET Wages = $375.00 Where does the $105.00 go? EMPLOYER PAYS… Gross Wages: 40 x $12.00 = $480.00 Plus Taxes & Fees: Social Security 30.00 Medicare 10.00 Workers Comp 10.00 Unemployment 5.00 Medical Ins 50.00 Cost $585.00
InstructorManual_RevB.docx