21. Labor budget: calculating the fixed labor budget. Instead of the raises stated in Exhibit 1.4e, assume that all benefits are 22 percent and all raises are 5 percent, and calculate the fixed labor budget for January, February, and March. Assume that all the other assumptions in the exhibit remain the same. Explain why some salaries and benefits change from month to month and others do not. ansch 33 EXHIBIT 1.4e DATA USED TO CONSTRUCT ZMG HOSPITALIST PRACTICE'S FIXED LABOR SALARIES AND BENEFITS KERE Physician I Physician II Physician Assistant Nurse Practitioner Administrative Director APPENDIX I: AN EXTENDED EXAMPLE OF HOW TO DEVELOP A BUDGET 513 Office Staff I Office Staff II Number of FTES 12 8 1 1 Average Base Benefit Salary Salary Percent $200,000 $2,400,000 $220,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $50,000 $30,000 15% $1,760,000 15% 20% 20% 20% $50,000 $90,000 25% A 25% Date of o Next Raise Feb-02 Jul-02 Nov-02 Nov-02 Feb-02 Feb-02 Jun-02 Percent Raise 5% 5% 5% 5% 5% 5% 5% 3 *All salaries and wages are paid twice monthly in equal amounts. The 2nd payment is made on the last day of each month. lo 1600 edi, antes