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Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: Required: Compute
Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: Required: Compute the benefit analysis assuming: - 3 percent increase in pay. - Dwight will increase his 401(k) contribution to 8 percent with a company match of 50 percent up to 6 percent of the employee's annual salary. - 15 percent increase in medical and dental insurance premiums. \begin{tabular}{|l|l|l|} \hline Yearly Benefit Costs & CompanyCost(New) & EmployeeCost(New) \\ \hline Medical insurance & & \\ \hline Dental insurance & & \\ \hline Life insurance & & 0 \\ \hline AD\&D & & 0 \\ \hline Short-term disability & & \\ \hline Long-term disability & & \\ \hline 401(k) & & \\ \hline Social Security & & \\ \hline Medicare & & \\ \hline Tuition reimbursement & & \\ \hline Total yearly benefit costs (employer) & & \\ \hline Employee's annual salary & & \\ \hline The total value of employee's compensation & & \\ \hline \end{tabular} Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: Required: Compute the benefit analysis assuming: - 3 percent increase in pay. - Dwight will increase his 401(k) contribution to 8 percent with a company match of 50 percent up to 6 percent of the employee's annual salary. - 15 percent increase in medical and dental insurance premiums. \begin{tabular}{|l|l|l|} \hline Yearly Benefit Costs & CompanyCost(New) & EmployeeCost(New) \\ \hline Medical insurance & & \\ \hline Dental insurance & & \\ \hline Life insurance & & 0 \\ \hline AD\&D & & 0 \\ \hline Short-term disability & & \\ \hline Long-term disability & & \\ \hline 401(k) & & \\ \hline Social Security & & \\ \hline Medicare & & \\ \hline Tuition reimbursement & & \\ \hline Total yearly benefit costs (employer) & & \\ \hline Employee's annual salary & & \\ \hline The total value of employee's compensation & & \\ \hline \end{tabular}
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