Question
Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current benefit analysis is as follows: Company Cost Employee
Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current benefit analysis is as follows: Company Cost Employee Cost (Current) (Current) $ 6,200.00 135.00 318.00 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 The total value of employee's compensation Required: Compute the benefit analysis assuming: 159.00 63.60 31.80 795.00 3,219.97 753.06 2,150.00 $ 13,825.43 53,000.00 $ 66,825.43 $930.00 135.00 0 3 0 0 1,590.00 3,219.97 753.96 6 3 percent increase in pay. Reese will increase the 401(k) contribution to 8 percent with a company match of 50 percent up to 3 percent contribution by the employer . 15 percent increase in medical and dental insurance premiums. Note: Round your answers to 2 decimal places. h
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