Kal is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's...
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Kal is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current benefit analysis is as follows: Company Cost (Current) $ 8,000.00 120.00 Employee Cost (Current) $ 1,200.00 120.00 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 The total value of the employee's compensation 300.00 0 60.00 30.00 750.00 1,500.00 3,018.16 705.86 3,018.16 705.86 $ 2,000.00 $ 15,134.02 50,000.00 $ 65,134.02 Required: 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. Note: Round your answers to 2 decimal places. Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Company Cost Employee Cost (New) (New) 0 0 0 Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary The total value of the employee's compensation 0 Kal is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current benefit analysis is as follows: Company Cost (Current) $ 8,000.00 120.00 Employee Cost (Current) $ 1,200.00 120.00 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 The total value of the employee's compensation 300.00 0 60.00 30.00 750.00 1,500.00 3,018.16 705.86 3,018.16 705.86 $ 2,000.00 $ 15,134.02 50,000.00 $ 65,134.02 Required: 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. Note: Round your answers to 2 decimal places. Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Company Cost Employee Cost (New) (New) 0 0 0 Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary The total value of the employee's compensation 0
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To calculate the benefit analysis for Reese Frands at Zebra Antiques A with the given changes 1 Calc... View the full answer
Related Book For
Payroll Accounting 2018
ISBN: 978-1259742514
4th edition
Authors: Jeanette Landin, Paulette Schirmer
Posted Date:
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