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	$ 7,500.00	$ 1,125.00
Dental insurance	$ 200.00	$ 200.00
Life insurance	$ 360.00	0
AD&D	$ 180.00	0
Short-term disability	$ 72.00	0
Long-term disability	$ 36.00	0
401(k)	$ 900.00	$ 1,800.00
Social Security	$ 3,637.85	$ 3,637.85
Medicare	$ 850.79	$ 850.79
Tuition reimbursement	$ 2,800.00	0
Total yearly benefit costs (employer)	$ 16,536.64
Employees annual salary	$ 60,000.00
Total value of employees compensation	$ 76,536.64

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.)

What is the Social security, Medicare costs and total yearly benefit costs (employer) for the new salary?

Everything else is correct. For SS and Medicare I have tried 64,200x6.2% and 64,200x1.45% and it was wrong.

I tried 64,200x1.07x6.2% and 64,200x1.07x1.45% and it was wrong also.