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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 $ 6,300.00 $ 945.00
Dental insurance $ 140.00 $ 140.00
Life insurance $ 216.00 0
AD&D $ 108.00 0
Short-term disability $ 43.20 0
Long-term disability $ 21.60 0
401(k) $ 540.00 $ 1,080.00
Social Security $ 2,164.73 $ 2,164.73
Medicare $ 506.27 $ 506.27
Tuition reimbursement $ 2,200.00 0
Total yearly benefit costs (employer) $ 12,239.80
Employees annual salary 36,000.00
Total value of employees 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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