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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: Employee Cost
Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: Employee Cost (Current) $ 1,155.00 $ 210.00 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) $ 7,700.00 $ 210.00 $ 384.00 $ 192.00 $ 76.80 $ 38.40 $ 960.00 $ 3,883.37 $ 908.21 $ 2,900.00 $ 17,252.78 $ 64,000.00 $ 81,252.78 $ 1,920.00 $ 3,883.37 $ 908.21 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. (Round your answers to 2 decimal places.) Yearly Benefit Costs Company Cost (New) Employee Cost (New) Medical insurance Dental insurance Life insurance 0 AD&D 0 0 0 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
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