So, your Average hourly pay = (Pay hours/Actual hours) * Base Wage.
So we had Straight-time pay at 40 hours.
We had Weekday overtime pay at 20 hours.
And then we had, on a weekend, a further 20 hours.
So, total pay of hours is 80 hours.
So, here's a summary here.
It's the average hourly pay equals 80 divided by
60 times by the wage rate of $12.45 gives us a rate of $16.60.
Your FICA tax is 6.13% times that 16.60,
gives us 1.017580.
Your unemployment tax is 4.75%
times your $16.6 running
total comes to 0.7885.
Your workers' compensation is $11.43 divided by $100
times by the $12.45 from the top of the average we mentioned gives us 1.42.
Your public liability, which is $0.60,
divided by $100 and then you times it by your
average hourly pay of $12.45 = 0.0747.
You've got your property damage insurance worked out on a $0.35 per 100 times it,
again, by your average hourly pay gives you 0.0435.
Your Fringe benefits equals one.
Your Average hourly cost, therefore, is $20.95.