Question

You are offering a job at a salary of $36,000 per year. Employer taxes (social security, unemployement, etc.) will add 9% to the cost of the employee and benefits will add 25%. What is your total expected annual cost to hire the employee

Answer 1

$48,240

Step-by-step explanation:

If we are offering a job at a salary of $36,000 per year.

Employer taxes (social security, unemployement, etc.) will add 9% to the cost of the employee and benefits will add 25%.

Then the total expected annual cost to hire the employee will be

Basic Salary 36,000

Add: Employer taxes of (9% 0f 36000)

Add: Employee Benefits of (25% of 36000)

Total cost = $48,240