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[0/1 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 9.111.015. MY NOTES ASK YOUR TEACHER g Suppose you are the human resource manager for a cellular phone company
[0/1 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 9.111.015. MY NOTES ASK YOUR TEACHER g Suppose you are the human resource manager for a cellular phone company with 900 employees. Top management has asked you to implement three additional fringe benefits that were negotiated with employee representatives and agreed upon by a majority of the employees. These include group term life insurance, a group legal services plan, and a wellness center. The life insurance is estimated to cost $520 per employee per quarter. The legal plan will cost $312 semiannually per employee. The company will contribute 40% to the life insurance premium and 75% to the cost of the legal services plan. The employees will pay the balance through payroll deductions from their biweekly paychecks. In addition, they will be charged 1% of their gross earnings per paycheck for maintaining the wellness center. The company will pay the initial cost of $600,000 to build the center. This expense will be spread over 5 years. BO 60 90 E) PE Ar W 50 00 00 00 (a) What total amount should be deducted per paycheck for these new fringe benefits for an employee earning $93,600 per year? $ 136.50 x s & Consumers. blicly accessible w (b) What is the total annual cost of the new fringe benefits to the company? $ 728,400 x ntage Submit Assignment Save Assignment Progress wroll Power Point (2) Show all X pe here to search 11:10 AM 9/12/2020 199+ AO (4) ENG 19
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