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Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer)
Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary Total value of employee's compensation Company Cost (Current) $ 7,800.00 $ 215.00 $ 396.00 $ 198.00 $ 79.20 $ 39.60 $ 990.00 $ 4,006.13 $ 936.92 $ 2,950.00 $17,610.8 66,000.00 $83,610.85 Employee Cost (Current) $1,170.00 $ 215.00 0 0 0 0 $1,980.00 $4,006.13 $ 936.92 0 Required: Compute the benefit analysis assuming: 7 percent increase in pay. 3 percent contribution to 401(k) will remain the same with a company match of 50 percent. 10 percent increase in medical and dental insurance premiums. X Answer is not complete. Yearly Benefit Costs Company Cost (New) 8,580.00 Employee Cost (New) 1,287.00 Medical insurance $ $ Dental insurance $ 236.50 $ 236.50 Life insurance $ 396.00 0 AD&D $ 198.00 0 |$ 79.20 0 $ 39.60 0 Short-term disability Long-term disability 401(k) Social Security $ 1,059.30 2,118.60 Medicare Tuition reimbursement 2,950.00 0 $ Total yearly benefit costs (employer) Employee's annual salary Total value of employee's compensation 70,620.00 70,620.00
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