8 Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a...

Transcribed Image Text:

8 Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: 6 points 01:43:30 Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Company Cost (Current) $ 8,000.00 $ 120.00 Employee Cost (Current) $ 1,200.00 $120.00 $ 300.00 -0- $ 150.00 -0- $ 60.00 -0- $ 30.00 $ 750.00 $ 3,018.16 -0- $ 1,500.00 $ 3,018.16 $ 705.86 $ 2,000.00 $ 705.86 -0- eBook Social Security Print Medicare Tuition reimbursement References Total yearly benefit costs (employer) Employee's annual salary $ 15,134.02 $ 50,000.00 Total value of employee's compensation $ 65,134.02 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. (Round your answers to 2 decimal places.) Yearly Benefit Costs Medical insurance Dental insurance Company Cost (New) Employee Cost (New) $ 8,800.00 $ 132.00 $ 1,320.00 132.00 8 Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: 6 points 01:43:30 Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Company Cost (Current) $ 8,000.00 $ 120.00 Employee Cost (Current) $ 1,200.00 $120.00 $ 300.00 -0- $ 150.00 -0- $ 60.00 -0- $ 30.00 $ 750.00 $ 3,018.16 -0- $ 1,500.00 $ 3,018.16 $ 705.86 $ 2,000.00 $ 705.86 -0- eBook Social Security Print Medicare Tuition reimbursement References Total yearly benefit costs (employer) Employee's annual salary $ 15,134.02 $ 50,000.00 Total value of employee's compensation $ 65,134.02 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. (Round your answers to 2 decimal places.) Yearly Benefit Costs Medical insurance Dental insurance Company Cost (New) Employee Cost (New) $ 8,800.00 $ 132.00 $ 1,320.00 132.00

Answer rating: 100% (QA)

To compute the benefit analysis with the given assumptions we need to calculate the new costs for me... View the full answer