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Clark Patrick owns Camel Customs, a company that restores vintage Ford Mustangs. He has nineteen 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 nineteen 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. Gayle's benefits package is as follows: Annual Salary: $48,000 401(k) contribution: 3 percent of annual salary, company match is 50 percent of employee contribution Medical insurance deduction: $170 per month Dental Insurance: $23 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.) Gayle's Cost Company Cost 20,280 2,572 560 0 134 0 0 1,340 670 0 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 Gayle's annual salary Total value of Gayle's compensation 5,600 0 Required information [The following information applies to the questions displayed below.] Black Sheep Printing has 42 employees distributed among the following departments: Sales: 12 Factory: 18 Administration: 12 The total annual payroll for Black Sheep Printing is $1,554,000. Required: Compute the labor distribution based on equal distribution among the departments. (Round your answers to 2 decimal places.) Sales Factory Administration
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