Your Savings with Davis Bacon and Service Contract Act    Typical Payroll Taxes  Fica 7.65%  Workman's Comp* 15.00% FUTA 1.60%  SUTA 1.40%     TOTAL  25.65%     Your company is saving more than 25% in payroll cost when paying fringe dollars as cash wages.   Simple Savings Calculation ABC Answering Service is 15 employees performing Service Contract Act work. These employees work 1,000 hours annually. The Fringe dollar amount above base rate is $3.60/hour.  15 employees x 1,000 hrs = 15,000 Hrs x $3.60 Fringe = $54,000 x 25.65% =    15,000 Total Annual Hours      $54,000      $13,851 Annual Savings

Learn More Davis Bacon Act Service Contract Act State Prevailing Wage Fact Sheet of Savings Bona-Fide Benefits Limited Medical Plans Framework The Contractors Plan