QuestionDecember 14, 2025

Calculate the cost of hiring a new employee for 45,000 a year. Cost of Hiring a New Employee Total Compensation Rate/Hour Workers Compensation -10% __

Calculate the cost of hiring a new employee for 45,000 a year. Cost of Hiring a New Employee Total Compensation Rate/Hour Workers Compensation -10% __
Calculate the cost of hiring a new employee for 45,000 a year. Cost of Hiring a New Employee Total Compensation Rate/Hour Workers Compensation -10% __

Solution
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Answer

Total annual cost = \49,500 ### Total compensation rate/hour = \23.80 Explanation 1. Identify given data Annual salary = \45,000; Workers’ Compensation = 10% of salary. 2. Compute total annual cost Total cost = Base salary + 10% of base salary = 45{,}000 + 0.10(45{,}000) = 49{,}500 3. Compute hourly rate Assuming 40 hours/week × 52 weeks = 2,080 hours per year **Rate per hour** = \dfrac{49{,}500}{2{,}080} = 23.80

Explanation

1. Identify given data<br /> Annual salary = \$45,000; Workers’ Compensation = 10% of salary.<br /><br />2. Compute total annual cost<br /> Total cost = Base salary + 10% of base salary <br />$= 45{,}000 + 0.10(45{,}000) = 49{,}500$<br /><br />3. Compute hourly rate<br /> Assuming 40 hours/week × 52 weeks = 2,080 hours per year <br />**Rate per hour** = $\dfrac{49{,}500}{2{,}080} = 23.80$
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