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Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese s current benefit analysis is as follows: Yearly Benefit

Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reeses current benefit analysis is as follows:
Yearly Benefit Costs Company Cost (Current) Employee Cost (Current)
Medical insurance $ 6,200.00 $ 930.00
Dental insurance 135.00135.00
Life insurance 318.000
AD&D 159.000
Short-term disability 63.600
Long-term disability 31.800
401(k)795.001,590.00
Social Security 3,219.973,219.97
Medicare 753.06753.06
Tuition reimbursement 2,150.000
Total yearly benefit costs (employer) $ 13,825.43
Employees annual salary 53,000.00
The total value of employees compensation $ 66,825.43
Required:
Compute the benefit analysis assuming:
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.Required:
Compute the benefit analysis assuming:
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.
\table[[\table[[Yearly Benefit Costs],[Medical insurance]],\table[[Company Cost],[(New)]],\table[[Employee Cost],[(New)]]],[$,7,130.00,$,1,069.50
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