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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
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 Company Cost (Current) Employee Cost (Current) Medical insurance $ 7,200.00 $ 1,080.00 Dental insurance 185.00 185.00 Life insurance 324.00 0 AD&D 162.00 0 Short-term disability 64.80 0 Long-term disability 32.40 0 401(k) 1,620.00 3,240.00 Social Security 3,269.57 3,269.57 Medicare 764.66 764.66 Tuition reimbursement 2,650.00 0 Total yearly benefit costs (employer) $ 16,272.43 Employees annual salary 54,000.00 The total value of employees compensation $ 70,272.43 Required: Compute the benefit analysis assuming: 3 percent increase in pay. Dwight will increase his 401(k) contributi
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