Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's...

Transcribed Image Text:

Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current benefit analysis is as follows: Company Cost (Current) $ 6,500.00 150.00 Employee Cost (Current) $ 975.00 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 The total value of employee's compensation Required: Compute the benefit analysis assuming: 3 percent increase in pay. 336.00 168.00 67.20 33.60 840.00 3,402.25 795.69 2,300.00 $ 14,592.74 56,000.00 $ 70,592.74 150.00 0 0 0 0 1,680.00 3,402.25 795.69 0 Reese will increase the 401(k) contribution to 8 percent with a company match of 50 percent up to 3 percent contribution by the employer. 15 percent increase in medical and dental insurance premiums. Note: Round your answers to 2 decimal places. Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Company Cost Employee Cost (New) (New) Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary The total value of employee's compensation $ 0.00 0 0 0 0 0 Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current benefit analysis is as follows: Company Cost (Current) $ 6,500.00 150.00 Employee Cost (Current) $ 975.00 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 The total value of employee's compensation Required: Compute the benefit analysis assuming: 3 percent increase in pay. 336.00 168.00 67.20 33.60 840.00 3,402.25 795.69 2,300.00 $ 14,592.74 56,000.00 $ 70,592.74 150.00 0 0 0 0 1,680.00 3,402.25 795.69 0 Reese will increase the 401(k) contribution to 8 percent with a company match of 50 percent up to 3 percent contribution by the employer. 15 percent increase in medical and dental insurance premiums. Note: Round your answers to 2 decimal places. Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Company Cost Employee Cost (New) (New) Long-term disability 401(k) Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary The total value of employee's compensation $ 0.00 0 0 0 0 0