Show your work in table, final answer value is 10% of the grade Determine the annual cost, average hourly cost, and burden markup of an hourly employee given the information in the table. Assume the employee takes full advantage of the 401(k) benefit. The employee's health insurance is paid for entirely by the employer. Last year the employee worked 2,104 hours and was paid for an additional 80 hours of vacation. The employee was paid for at least 40 hours each week and is to be paid time and a half on any work over 40 hours per week. Item Wages Bonus Allowances Social Security Medicare FUTA SUTA Workers' Comp. General Liability 401(k) Health Insurance Cost $22.00/hr $500 None 6.2% of wages to $128,700 1.45% of wages 0.6% of wages to $7,000 2.0% of wages to $20,000 $0.85 per $100 of wages 0.65% of wages 50% match up to 6% of wages $200/month