Please help me with Question 21.

Please solve & show your work.

21. Labor budget: calculating the fixed labor budget. Instead of the raises stated in Exhibit 1.4e, assume that all benefits are 22 percent and all raises are 5 percent, 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. budaot Instead ofthe benefits stated in Exhibit 1.4e, EXHIBIT 1.4e DATA USED TO CONSTRUCT ZMG HOSPITALIST PRACTICE'S FIXED LABOR SALARIES AND BENEFITS Date of Number of FTES Average Salary Base Salary Benefit Percent Percent Raise Next Raise 12 15% 5% 5% 8 15% 5% 1 $200,000 $220,000 $100,000 $100,000 $100,000 Feb-02 Jul-02 Nov-02 Nov-02 Feb-02 $2,400,000 $1,760,000 $100,000 $100,000 $100,000 20% 20% Physician Physician II Physician Assistant Nurse Practitioner Administrative Director Office Staff Office Staff II 5% 1 5% 1 20% 5% 25% $50,000 $30,000 $50,000 $90,000 Feb-02 Jun-02 5% 25% 3 *All salaries and wages are paid twice monthly in equal amounts. The 2nd payment is made on the last day of each month