Labor budget: calculating the fixed labor budget. Instead of the raises stated in Exhibit 1.4e, assume that all benefits are 18% and all raises are 4%, and calculate the fixed labor budget for January, February, and March. Assume that all the other assumptions in the exhibit remain the same. Explain why some salaries and benefits change from month to month and others do not. EXHIBIT 1.4e DATA USED TO CONSTRUCT ZMG HOSPITALIST PRACTICE'S FIXED LABOR SALARIES AND BENEFITS Number Average of FTEs Salary Base Salary Benefit Date of Raise Percentage Next Raise Percentage 5% 12 8 $200,000 $220,000 $100,000 $2,400,000 $1,760,000 $100,000 15% 15% 20% Feb 02 Jul 02 Nov 02 5% 5 % Physician Physician Il Physician assistant Nurse practitioner Administrative $100,000 $100,000 _20% Nov 02 5% $100,000 S100,000 20% Feb 02 5% director Office staff Office staff II 25% 5% $50,000 $30,000 $50,000 $90,000 Feb 02 Jun 02 25% 5 % Note: All salaries and wages are paid twice monthly in equal amounts. The second payment is made on the last day of each month