LO 6-4, 6-6 Park Mischner owns Old Times Buttons, which employs 20 people. Park wants to perform a benefits analysis report for one of the employees, Avery Bower, for the year. Avery’s benefits package is as follows:

Annual salary: $35,650 401(k) contribution: 6 percent of annual salary. The company match is 75 percent of the employee’s contribution up to 4 percent.

Medical insurance deduction: $230 per month Dental insurance: $15 per month Complete the following Benefits Analysis Report for Avery Bower for the year. Do not include the FUTA and SUTA taxes. (Round your final answers to two decimal places.)

Yearly Benefit Costs Company Cost Avery’s Cost Medical insurance $7,200 $
Dental insurance 1,000 $
Life insurance 200 –0–
AD&D 50 –0–
Short-term disability 500 –0–
Long-term disability 250 –0–
401(k) $ $
Social Security $ $
Medicare $ $
Tuition reimbursement 5,200 –0–
Total yearly benefit costs $ $
Avery’s annual salary $
Total yearly benefit costs $
The total value of Avery’s compensation $