Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reeses current
Question:
Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese’s current benefit analysis is as follows:
Compute the benefit analysis assuming:
• 3 percent increase in pay.
• Reese will increase the 401(k) contribution to 8 percent with a company match of 50 percent up to a 3 percent contribution by the employer.
• 15 percent increase in medical and dental insurance premiums.
Transcribed Image Text:
Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary Company Cost (Current) $ 8,000.00 120.00 300.00 150.00 60.00 30.00 750.00 3,018.16 705.86 2,000.00 15,134.02 50,000.00 The total value of employee's compensation $65,134.02 Employee Cost (Current) $ 1,200 120 -0- -0- -0- -0- 1,500 3,018.16 705.86 -0-
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Kai is the president of Zebra Antiques An employee Reese Francis is due a raise R...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
Question Posted:
Students also viewed these Business questions
-
Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight?s current benefits analysis is as follows: Company Cost (Current) Yearly Benefit Costs Employee...
-
A friend of yours is the president of Maple Imports Ltd. The company sells and services cars imported from Korea. Maple has just completed its first year of operations. The following balance sheet...
-
Mr. and Mrs. Moss have major medical and dental insurance provided by Mrs. Mosss employer. This year, they incurred the following un-reimbursed expenses. Routine office visits to doctors and dentists...
-
2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Advertising relationship to Net Sales (show work) and report your comparison of...
-
Larsen, Inc., produces two types of electronic parts and has provided the following data: There are four activities: machining, setting up, testing, and purchasing. Required: 1. Calculate the...
-
You plan to pay $38,000 cash for the new truck you want to buy 5 years from now. You are a very astute investor; all your money earns at 20% per year. If you have already saved $9500, the amount your...
-
The Drosselmeier Corporation, which makes Christmas nutcrackers, has an annual plant capacity of 2,400 product units. Its predicted operating results (in Euros [EUR]) for the year are Production and...
-
For the year ended December 31, 2013, Fidelity Engineering reported pretax accounting income of $977,000. Selected information for 2013 from Fidelitys records follows: Interest income on municipal...
-
The Township of Thomasvilles General Fund has the following net resources at year end: $66,000 of inventory $375,000 federal grants for disaster relieve related to the flood $60,000 sinking fund for...
-
The Budda-Bing Manufacturing Company Preparing Pro Forma Financial Statements for 2019 Budda-Bing Manufacturing is planning to implement a major plant-modernization program to improve its competitive...
-
Go to www.bizfilings.com/toolkit/sbg/tax-info/payroll taxes/unemployment.aspx and check out the unemployment tax laws for your state.
-
Mi Casa Restaurants of Las Cruces, New Mexico, has the following employees as of December 31: Employee Name A. Shelby M. Gomez C. Wardly E. Burgess S. Black Employee A. Shelby M. Gomez C. Wardly E....
-
Explain the following improvement strategies: Group Technology Synchronized Production Jidoka Supplier Partners Total Productive Maintenance
-
On August 8, 2020, a company sells goods to a customer, accepting a 3-year, $4,000 note bearing 6% annual interest, payable semi-annually, in exchange for the goods. What amount does the company...
-
MSI is considering eliminating a product from its ToddleTown Tours collection. This collection is aimed at children one to three years of age and includes "tours" of a hypothetical town. Two...
-
Select a real city in your state that might host such an event. You may select a real or fictitious concert to use as an example, or you may focus on planning for a general concert situation. Select...
-
Surgery Center is an outpatient surgical clinic that was profitable for many years, but Medicare has cut its reimbursements by as much as 30% As a result, the clinic wants to better understand its...
-
Isabella is a 14-year-old Hispanic bisexual female who has come into Department of Child Safety (DCS) care due to neglect. Isabella's mother Martina is 35 years old, a single mother, has an upcoming...
-
The sum of all the digits that appear in the (IUPAC) name for this compound is which of the following? (a) Five (b) Six (c) Seven (d) Eight (e) Nine CH C CH2 -CHCH CH CH2CH2CHCH2CH2CH2CH
-
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
-
How does building new systems produce organizational change? a. Describe each of the four kinds of organizational change that can be promoted with information technology. b. Define business process...
-
What are the core activities in the systems development process? a. Distinguish between systems analysis and systems design. Describe the activities for each. b. Define information requirements and...
-
What are alternative methods for building information systems? a. Define the traditional systems lifecycle. Describe its advantages and disadvantages for systems building. b. Define information...
-
Presented below is selected financial information for two divisions of Crane Brewing. Supply the missing information for the lettered items. Contribution margin Controllable margin Average operating...
-
On April 6, 2022, Ben purchased a house to use as residential rental property. He made extensive repairs to the house and had it ready for rent on July 5, 2022. He began to advertise the house for...
-
Due to the sluggish economy, the Wheels Company has experienced some difficulty in selling its bicycles. The following data relate to the current year: Sales 9,000 units x $100@ $900,000 less:...
Irish Literature 1800-1875 A Guide To Information Sources 1st Edition - ISBN: 0810312506 - Free Book
Study smarter with the SolutionInn App