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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: Yearly Benefit

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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: 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 (employer) Employee's annual salary Total value of employee's compensation Company Cost (Current) $ 7,800.00 $ 215.00 S 396.00 S 198.00 S 79.20 S 39.60 S 990.00 $ 4,006.13 S 936.92 $ 2,950.00 $17,610.85 66,000.00 $83,610.85 Employee Cost (Current) $1,170.00 $ 215.00 0 0 0 0 $1,980.00 $4,006.13 S 936.92 0 Required: Compute the benefit analysis assuming: 7 percent increase in pay. 3 percent contribution to 401(k) will remain the same with a company match of 50 percent. 10 percent increase in medical and dental insurance premiums. Yearly Benefit Costs Company Cost (New) 8,580.00 236.50 $ Employee Cost (New) $ 1,287.00 $ 236.50 0 396.00 $ $ $ $ 198.00 0 79.20 0 $ $ 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 (employer) Employee's annual salary Total value of employee's compensation 0 2,118.60 4,378.44 % 1,023.99 X $ 39.60 1,059.30 $ 4,378.44 $ 1,023.99 X $ 2,950.00 18,941.03 X 70,620.00 $ $ 0 $ $ $ 89,561.03

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