Please answer question clear to understand, Thank you • 15 percent increase in medical and dental insurance premiums.Note: Round your answers to 2 decimal places.Yearly Benefit CostsMedical insuranceDental insuranceLife insuranceAD&DShort-term disabilityLong-term disability401(k)Social SecurityMedicareTuition reimbursementTotal yearly benefit costs (employer)Employee's annual salaryThe total value of employee's compensationCompany Cost Employee Cost(New)(New)< Prev…………………1 of 1000000Next > 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)$ 7,400.00Employee Cost(Current)195.00390.00195.0078.0039.00975.00Yearly Benefit CostsMedical insuranceDental insuranceLife insuranceAD&DShort-term disabilityLong-term disability401(k)Social SecurityMedicareTuition reimbursementTotal yearly benefit costs (employer)Employee's annual salaryThe total value of employee's compensationRequired:Compute the benefit analysis assuming:3,949.09923.582,750.00$ 16,894.6765,000.00$ 81,894.67$ 1,110.00195.0000001,950.003,949.09923.580• 3 percent increase in pay.• Reese will increase the 401(k) contribution to 8 percent with a company match of 50 percent up to 3 percent contribution by theemployer.

Yearly Benefits Cost Company Cost Employee Cost (New) (New) Medical Insurance $…

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 Company Cost (New) Employee Cost (New) 0 0 0 0 0

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 Company Cost (New) Employee Cost (New) 0 0 0 0 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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