Basic Instructions for use of the Labor Worksheet

Please notice that there are three tabs at the bottom of your screen labeled; Instructions for use, Completed example,
and Labor worksheet. You can access these tabs by simply clicking on the tab you want to open.

The yellow cells within the spreadsheet templates are meant to be used by you to enter the data required to calculate
the total burdened labor cost for one employee. You can also modify or add descriptions in the descriptions column.
This worksheet is protected so you can only enter or change information inside the yellow cells or the description cells.
This is done to help avoid making the mistake of entering data into a cell that contains formulas. If you need to modify
any formulas or add additional rows or columns; go to the review toolbar at the top of your screen, then un-protect the
sheet. (Be sure to protect the worksheet again to prevent unintended changes) NOTE: The red triangle in the upper
right corner of the yellow cells indicates that there is a comment about how to use or enter information relative to that
cell. To see the comment; pass your cursor over the cell. Use of this spreadsheet is at the total liability of the
user. Be careful with the formulas. Confirm that you have not missed any expenses specific to your company
that may not be listed on this worksheet.

Please send any comments or suggestions to Shawn McCadden at: shawn@shawnmccadden.com

 BURDENED COST OF LABOR WORKSHEET
TEMPLATE

Yellow cells are meant for data entry. All other cells, except description cells, are locked to protect formulas or the function of the
spreadsheet.

Employee: Bill Ding

Date of worksheet: Employee Compensation & Benefits
$2,800

Workweeks this year 52

Workdays each week 5 $3,300
Workhours each day 8
Actual hours to be paid 2080
Actual hours to be worked 1940

NON-PRODUCTIVE TIME Days Total Hours Cost/Year $38,800

Paid Holidays 5 40 $1,190.11
Paid Vacation days 5 40 $1,190.11
0 $0.00
Office meeting hours/year 50 $1,487.64 Income for hours worked
Hours to attend education 10 $297.53 Income for non-productive hours
$0.00 Employer paid benefits

Total 140 $4,165.38

EXPENSE RATE Capped at Cost/Year Cost/hour worked TOTALS

Basic hourly Wage: $20.00 $41,600.00 $21.44
Social Security 6.20% $106,800.00 $2,579.20 $1.33
Medicare 1.45% $603.20 $0.31
State Unemployment tax 1.50% $10,800.00 $162.00 $0.08
Federal Unemployment tax 0.80% $7,000.00 $56.00 $0.03
Workers Compensation 9.39% $3,906.24 $2.01
Liability Insurance 2.10% $873.60 $0.45
Total $49,780.24 $25.66 $25.66

BENEFITS Cost/Year Cost/hour worked

Medical Benefits/Insurance $3,000.00 $1.55
Education fees $300.00 $0.15
$0.00
Total $3,300.00 $1.70 $1.70

RELATED EXPENSES Cost/Year Cost/hour worked

Truck Payments or depreciation $2,000.00 $1.03
Truck Insurance $500.00 $0.26
Gas and Oil $1,200.00 $0.62
Cell Phone $740.00 $0.38
$0.00
Vehicle Maintenance $200.00 $0.10
Total $4,640.00 $2.39 $2.39

TOTAL HARD COST OF LABOR PER HOUR: $29.75

TOTAL BURDENED COST OF LABOR TO EMPLOYER THIS YEAR: $57,720.24

Based on hours to be paid
YEARLY INCOME OF EMPLOYEE FOR HOURS ACTUALLY WORKED: Income fo $38,800.00
Based on hours actually worked
YEARLY INCOME OF EMPLOYEE FOR NON-PRODUCTIVE HOURS: Income for $2,800.00
Based on hours paid to employee for time not producing income
TOTAL YEARLY INCOME OF EMPLOYEE: $41,600.00
Based on total hours to be paid
VALUE OF EMPLOYEE BENEFITS THIS YEAR: Employer p $3,300.00
Based on employer paid benefits
TOTAL EMPLOYEE COMPENSATION AND BENEFITS THIS YEAR: $44,900.00
Based on total yearly income paid by employer plus cost of benefits paid by employer

NOTE: All costs specified above assume employee will work every assigned workday, except paid holidays and vacation days

www.shawnmccadden.com

426675297.xlsx - Completed example Page 2 of 3 Copyright 2002 RDBI, LLP

 BURDENED COST OF LABOR WORKSHEET
TEMPLATE

Yellow cells are meant for data entry. All other cells, except description cells, are locked to protect formulas or the function of the
spreadsheet.

Employee:
Date of worksheet: Employee Compensation & Benefits

Workweeks this year 52

Workdays each week 5
Workhours each day
Actual hours to be paid 0
Actual hours to be worked 0

NON-PRODUCTIVE TIME Days Total Hours Cost/Year

Paid Holidays 0 #DIV/0!
Paid Vacation days 0 #DIV/0!
0 #DIV/0!
Office meeting hours/year #DIV/0! Income for hours worked
Hours to attend education #DIV/0! Income for non-productive hours
#DIV/0! Employer paid benefits

Total 0 #DIV/0!

EXPENSE RATE Capped at Cost/Year Cost/hour worked TOTALS

Basic hourly Wage: $12.00 $0.00 #DIV/0!
Social Security $0.00 #DIV/0!
Medicare $0.00 #DIV/0!
State Unemployment tax $0.00 #DIV/0!
Federal Unemployment tax $0.00 #DIV/0!
Workers Compensation $0.00 #DIV/0!
Liability Insurance $0.00 #DIV/0!
Total $0.00 #DIV/0! #DIV/0!

BENEFITS Cost/Year Cost/hour worked

Medical Benefits/Insurance #DIV/0!
Education fees #DIV/0!
#DIV/0!
Total $0.00 #DIV/0! #DIV/0!

RELATED EXPENSES Cost/Year Cost/hour worked

Truck Payments or depreciation #DIV/0!
Truck Insurance #DIV/0!
Gas and Oil #DIV/0!
Cell Phone #DIV/0!
#DIV/0!
Vehicle Maintenance #DIV/0!
Total $0.00 #DIV/0! #DIV/0!

TOTAL HARD COST OF LABOR PER HOUR: #DIV/0!

TOTAL BURDENED COST OF LABOR TO EMPLOYER THIS YEAR: $0.00

Based on hours to be paid
YEARLY INCOME OF EMPLOYEE FOR HOURS ACTUALLY WORKED: Income fo $0.00
Based on hours actually worked
YEARLY INCOME OF EMPLOYEE FOR NON-PRODUCTIVE HOURS: Income for $0.00
Based on hours paid to employee for time not producing income
TOTAL YEARLY INCOME OF EMPLOYEE: $0.00
Based on total hours to be paid
VALUE OF EMPLOYEE BENEFITS THIS YEAR: Employer p $0.00
Based on employer paid benefits
TOTAL EMPLOYEE COMPENSATION AND BENEFITS THIS YEAR: $0.00
Based on total yearly income paid by employer plus cost of benefits paid by employer

NOTE: All costs specified above assume employee will work every assigned workday, except paid holidays and vacation days

www.shawnmccadden.com

426675297.xlsx - Labor Worksheet Page 3 of 3 Copyright 2002 RDBI, LLP