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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 CostsCompany Cost (Current)Employee Cost (Current)Medical insurance$6,300.00$945.00Dental insurance$140.00$140.00Life insurance$216.000AD&D$108.000Short-term disability$43.200Long-term disability$21.600401(k)$540.00$1,080.00Social Security$2,164.73$2,164.73Medicare$506.27$506.27Tuition reimbursement$2,200.000Total yearly benefit costs (employer)$12,239.80Employee's annual salary36,000.00Total value of employee's compensation$48,239.80

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.

(Round your answers to 2 decimal places.)

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