Form H (ECY060-20) "Conversion to a Composite Hourly Billing Rate for an Employee" - Washington

What Is Form H (ECY060-20)?

This is a legal form that was released by the Washington State Department of Ecology - a government authority operating within Washington. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on September 1, 2005;
  • The latest edition provided by the Washington State Department of Ecology;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form H (ECY060-20) by clicking the link below or browse more documents and templates provided by the Washington State Department of Ecology.

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Download Form H (ECY060-20) "Conversion to a Composite Hourly Billing Rate for an Employee" - Washington

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Form H: Conversion to a Composite Hourly Billing
Rate for an Employee
This schedule can be used for all salaried full-time employees. It was developed to provide a
calculated cost of an employee and to include his/her benefits, vacation time, retirement benefits,
sick leave benefits and any item paid by an employer for the return of services provided by an
employee. ** If using this form to calculate a billing rate, make sure you don’t double bill for
salaries, etc., separately.
EMPLOYEE'S NAME
DATE
FIGURED ON MONTHLY COST:
1.
Enter the amount of monthly salary
1.
2.
Benefits: Social Security
% x LINE 1 (wages)
2
(Employer's rate)
3.
Benefit (worker's compensation) Class Code
Employer's Rate
% x 160 hours
3.
4.
Unemployment Insurance Rate
% x LINE 1 (wages)
4.
5.
Medical Benefits per month
5.
6.
Retirements per month
6.
7.
Pension Plan or Matching Plans
7.
8.
Other
8.
9.
TOTAL MONTHLY COSTS (add lines 1 through 8)
9.
10.
LINE 9 x 12 months = TOTAL YEARLY COST
10.
11.
Work hours in a year:
A.
52 weeks per year x 5 work days per week = 260 days
260 days x 8 hours per day = potential work hours per year
A: 2,080 hours
PAID DAYS OFF PER YEAR:
Annual Leave:
hours per month x 12 months =
hours
Sick Leave:
hours per month x 12 months =
hours
Holidays:
days per year x 8 hours =
hours
B.
TOTAL HOURS OF ACCRUED LEAVE PER YEAR
B.
hours
12.
SUBTRACT LINE "B" FROM LINE "A" = YEARLY HOURS WORKED
12.
DIVIDE LINE 10 BY LINE 12 (total yearly cost ÷ yearly hours worked)
13.
= COMPOSITE HOURLY RATE
13.
ECY 060-20 (09/05)
Form H: Conversion to a Composite Hourly Billing
Rate for an Employee
This schedule can be used for all salaried full-time employees. It was developed to provide a
calculated cost of an employee and to include his/her benefits, vacation time, retirement benefits,
sick leave benefits and any item paid by an employer for the return of services provided by an
employee. ** If using this form to calculate a billing rate, make sure you don’t double bill for
salaries, etc., separately.
EMPLOYEE'S NAME
DATE
FIGURED ON MONTHLY COST:
1.
Enter the amount of monthly salary
1.
2.
Benefits: Social Security
% x LINE 1 (wages)
2
(Employer's rate)
3.
Benefit (worker's compensation) Class Code
Employer's Rate
% x 160 hours
3.
4.
Unemployment Insurance Rate
% x LINE 1 (wages)
4.
5.
Medical Benefits per month
5.
6.
Retirements per month
6.
7.
Pension Plan or Matching Plans
7.
8.
Other
8.
9.
TOTAL MONTHLY COSTS (add lines 1 through 8)
9.
10.
LINE 9 x 12 months = TOTAL YEARLY COST
10.
11.
Work hours in a year:
A.
52 weeks per year x 5 work days per week = 260 days
260 days x 8 hours per day = potential work hours per year
A: 2,080 hours
PAID DAYS OFF PER YEAR:
Annual Leave:
hours per month x 12 months =
hours
Sick Leave:
hours per month x 12 months =
hours
Holidays:
days per year x 8 hours =
hours
B.
TOTAL HOURS OF ACCRUED LEAVE PER YEAR
B.
hours
12.
SUBTRACT LINE "B" FROM LINE "A" = YEARLY HOURS WORKED
12.
DIVIDE LINE 10 BY LINE 12 (total yearly cost ÷ yearly hours worked)
13.
= COMPOSITE HOURLY RATE
13.
ECY 060-20 (09/05)