wage savings calculator

Number of Employees Doing Prevailing Wage Work:

Dollar Amount of Fringe Benefit Portion of Wage:

$

Per person per hour

Hours Worked Per Employee Per Year:

*** 100% Prevailing Wage would be 2080 hours
*** 25% Prevailing Wage would be 520 hours

Percentage Payroll Burden:

Add the amounts below to estimate your current payroll burden.
FICA: 7.65%
FUTA: 1.65%
SUTA: 1.40%
General Liability: 2.00%
Workers Compensation: _____% (usually approximately 15%)