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I can't seem to figure out how to get social security & medicare costs Critical Thinking 6-2 Claude Lopez is the president of Zebra Antiques.
I can't seem to figure out how to get social security & medicare costs
Critical Thinking 6-2 Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis follows: (Round your answers to 2 decimal places.) is as Company Cost (Current) 7,500.00 Employee Cost (Current) $1,125.00 Yearly Benefit Costs Medical insurance Dental insurance Life insurance 200.00 200.00 360.00 AD&D 180,00 Short-term disability Long-term disability 401(k) Social Security 72.00 $ 36.00 $1,800.00 $3,637.85 850.79 900.00 3,637.85 850.79 Medicare Tuition reimbursement 2,800.00 Total yearly benefit costs (employer) Dwight's annual salary Total value of employee's $16,536.64 60,000.00 $76,536.64 compensation tA 10 1A 10 10 ta equirea Compute the benefit analysis assuming: 7% increase in pay. 3% contribution to 401(k) will remain the same with a company match of 50%. 10% increase in medical and dental insurance premiums. . . Company Cost (New) Employee Cost (New) Yearly Benefit Costs Medical insurance 8,250.00 S 1,237.50 Dental insurance S 220.00 S 220.00 Life insurance 360.00 0 AD&D 180.00 0 Short-term disability S 72.00 Long-term disability 36.00 1,926.00 401(k) 963.00 Social Security Medicare Tuition reimbursement S 2,800.00 0 Total yearly benefit costs (employer) Dwight's annual salary 64,200.00 S Total value of employee's compensation 64,200,00Step by Step Solution
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