Park Mischner owns Old Times Buttons, which employs twelve people. Park wants to perform a benefits analysis report for one of the employees, Arnold Bower, for the year. Arnold’s benefits package is as follows: Annual salary: $32,000 401(k) contribution: 6 percent of annual salary. The company match is 75 percent of employee contribution up to 4 percent of the employee's annual salary. Medical insurance deduction: $230 per month Dental Insurance: $15 per month. 

Required: Complete the following Benefits Analysis Report for Arnold Bower for the year. Do not include FUTA and SUTA taxes. (Round your answers to 2 decimal places. Enter all amounts as positive values.)

Yearly Benefit Costs	Company Cost	Arnold’s Cost
Medical insurance	$17,460.00	$2,760.00selected answer correct
Dental Insurance	$1,030.00	$180.00selected answer correct
Life insurance	$350.00	$0.00
AD&D	$85.00	$0.00
Short-term disability	$850.00	$0.00
Long-term disability	$425.00	$0.00
401(k)	$1,280.00selected answer correct	$1,920.00selected answer correct
Social Security	$0.00selected answer incorrect	$0.00selected answer incorrect
Medicare	$0.00selected answer incorrect	$2,760.00selected answer incorrect
Tuition reimbursement	$1,280.00	$0.00
Total yearly benefit costs	not attempted
Arnold’s annual salary	$32,000.00selected answer correct
Total value of Arnold’s compensation	$7,620.00selected answer incorrect