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Clark Patrick owns Camel Customs, a company that restores vintage Ford Mustangs. He has seven employees. The company's medical and dental plan does not qualify
Clark Patrick owns Camel Customs, a company that restores vintage Ford Mustangs. He has seven employees. The company's medical and dental plan does not qualify under Section 125. Clark wants to perform a benefits analysis report for one of his employees, Gayle Rowe, for the year. Gayles benefits package is as follows:
Annual Salary: $40,000
401(k) contribution: 3 percent of annual salary, company match is 50 percent of employee contribution
Medical insurance deduction: $150 per month
Dental Insurance: $25 per month
Check my work Annual Salary: $40,000 401(k) contribution: 3 percent of annual salary, company match is 50 percent of employee contribution Medical insurance deduction: $150 per month Dental Insurance: $25 per month Required Complete the following Benefits Analysis Report for Gayle Rowe for the year. Do not include FUTA and SUTA taxes. (Enter all amounts as positive values.) points Skipped arly Benefit Costs Medical insurance Dental insurance Company Cost $ 7,200.00 $ 1,000.00 $200.00 50.00 $ 500.00 $ 250.00 Gayle's Cost eBook Hint 0.00 0.00 0.00 0.00 Print AD&D Short-term disability Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs Gayle's annual salary Total value of Gayle's compensation References $ 2,000.00
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