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		$	8,000.00		$	1,200.00
Dental insurance		$	120.00		$	120.00
Life insurance		$	300.00			-0-
AD&D		$	150.00			-0-
Short-term disability		$	60.00			-0-
Long-term disability		$	30.00			-0-
401(k)		$	750.00		$	1,500.00
Social Security		$	3,018.16		$	3,018.16
Medicare		$	705.86		$	705.86
Tuition reimbursement		$	2,000.00			-0-
Total yearly benefit costs (employer)		$	15,134.02
Employees annual salary			50,000.00
Total value of employees compensation		$	65,134.02

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)	Employee Cost (New)
Medical insurance
Dental insurance
Life insurance		0
AD&D		0
Short-term disability		0
Long-term disability		0
401(k)
Social Security
Medicare
Tuition reimbursement		0
Total yearly benefit costs (employer)
Employee's annual salary
Total value of employees compensation	$0.00