🚀 go-pugleaf

In <1hrcplINNd4u@darkstar.UCSC.EDU> bafta@cats.ucsc.edu (Shari L Brooks) writes:


>In article <1992Dec29.164256.18889@murdoch.acc.Virginia.EDU> 
>rbw3q@rayleigh.mech.Virginia.EDU (Brad Whitehurst) writes:

>>In article <ewright.725152007@convex.convex.com> ewright@convex.com (Edward 
>>V. Wright) writes:

>>>You think a typical engineer earns $100,000 a year?
>>>
>>>I want to work for your company!

>>	By the time you also pay for FICA, pension, benefits, and
>>overhead, a $50,000 engineer can easily cost a company double his base
>>pay!  BTW, Ed, I ALSO help do the budgeting for my lab, so before you
>>ask, yes, I have some experience in this!

>Wow, your lab pays for FICA?  I'm impressed.  It takes up about a third
>of *my* salary, when combined with income taxes.  Right out of my pay.
>I was under the impression it came out of everyone's pay, that that was
>the idea behind "Social Security".

I think you need to find out a bit more about manpower accounting and
just who pays what, Shari.  The first thing you will find is that your
employer pays the same amount of FICA that you do -- in other words,
you only pay for half of it.  Then there are things like health
insurance (typically in the $4k range), pension contributions (figure
about the same as your FICA bill, at least), usage of facilities, etc.
Having a single engineer is likely to cost you MORE than $100k, by the
time you add in all the overhead costs.

-- 
"Insisting on perfect safety is for people who don't have the balls to live
 in the real world."   -- Mary Shafer, NASA Ames Dryden
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Fred.McCall@dseg.ti.com - I don't speak for others and they don't speak for me.