Yearly Benefit Costs Company Cost $($Current$)$ Employee Cost $($Current$)$

Medical insurance $ $8,000\mathrm{.}00$ $ $1,200\mathrm{.}00$

Dental insurance $120\mathrm{.}00120\mathrm{.}00$

Life insurance $300\mathrm{.}000$

AD&D $150\mathrm{.}000$

Short$-$term disability $60\mathrm{.}000$

Long$-$term disability $30\mathrm{.}000$

$401($k$)750\mathrm{.}001,500\mathrm{.}00$

Social Security $3,018\mathrm{.}163,018\mathrm{.}16$

Medicare $705\mathrm{.}86705\mathrm{.}86$

Tuition reimbursement $ $2,000\mathrm{.}000$

Total yearly benefit costs $($employer$)$ $ $15,134\mathrm{.}02$

Employee$$s annual salary $50,000\mathrm{.}00$

The total value of the employee$$s compensation $ $65,134\mathrm{.}02$

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 a $3$ percent contribution by the employer.

$15$ percent increase in medical and dental insurance premiums.