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Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: 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: 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 Employee Cost (Current) (Current) $ 8,000.00 120.00 300.00 150.00 60.00 30.00 750.00 Company Cost (New) $ 3,018.16 705.86 $ 2,000.00 $ 15,134.02 50,000.00 $ 65,134.02 3 percent increase in pay. • Dwight will increase his 401(k) contribution to 8 percent with a company match of 50 percent up to 6 percent of the employee's annual salary. • 15 percent increase in medical and dental insurance premiums. (Round your answers to 2 decimal places.) $ $ 9,200.00 $ 138.00 $ 300.00 150.00 60.00 30.00 2,000.00 Employee Cost (New) 51,500.00 51,500.00 $ 1,200.00 120.00 1,380.00 138.00 0 0 0 0 0 0 0 0 0 1,500.00 3,018.16 705.86 0

Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: 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: 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 Employee Cost (Current) (Current) $ 8,000.00 120.00 300.00 150.00 60.00 30.00 750.00 Company Cost (New) $ 3,018.16 705.86 $ 2,000.00 $ 15,134.02 50,000.00 $ 65,134.02 3 percent increase in pay. • Dwight will increase his 401(k) contribution to 8 percent with a company match of 50 percent up to 6 percent of the employee's annual salary. • 15 percent increase in medical and dental insurance premiums. (Round your answers to 2 decimal places.) $ $ 9,200.00 $ 138.00 $ 300.00 150.00 60.00 30.00 2,000.00 Employee Cost (New) 51,500.00 51,500.00 $ 1,200.00 120.00 1,380.00 138.00 0 0 0 0 0 0 0 0 0 1,500.00 3,018.16 705.86 0

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 14EB: In EB13, you prepared the journal entries for Janet Evanovich, an employee of Marc Associates. You...
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Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: 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: 15 percent increase in medical and dental insurance premiums. (Round your answers to 2 decimal places.) 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 • 3 percent increase in pay. Dwight will increase his 401(k) contribution to 8 percent with a company match of 50 percent up to 6 percent of the employee's annual salary. Company Cost (Current) $ 8,000.00 120.00 300.00 150.00 60.00 30.00 750.00 3,018.16 705.86 $ 2,000.00 $ 15,134.02 50,000.00 $ 65,134.02 Company Cost (New) $ $ $ $ $ $ $ $ $ 9,200.00 $ 138.00 $ 300.00 150.00 60.00 30.00 2,000.00 Employee Cost (Current) 51,500.00 51,500.00 Employee Cost (New) $ 1,200.00 120.00 1,380.00 138.00 0 0 0 0 0 0 0 0 0 1,500.00 3,018.16 705.86 0
Transcribed Image Text:Claude Lopez is the president of Zebra Antiques. His employee, Dwight Francis, is due a raise. Dwight's current benefit analysis is as follows: 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: 15 percent increase in medical and dental insurance premiums. (Round your answers to 2 decimal places.) 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 • 3 percent increase in pay. Dwight will increase his 401(k) contribution to 8 percent with a company match of 50 percent up to 6 percent of the employee's annual salary. Company Cost (Current) $ 8,000.00 120.00 300.00 150.00 60.00 30.00 750.00 3,018.16 705.86 $ 2,000.00 $ 15,134.02 50,000.00 $ 65,134.02 Company Cost (New) $ $ $ $ $ $ $ $ $ 9,200.00 $ 138.00 $ 300.00 150.00 60.00 30.00 2,000.00 Employee Cost (Current) 51,500.00 51,500.00 Employee Cost (New) $ 1,200.00 120.00 1,380.00 138.00 0 0 0 0 0 0 0 0 0 1,500.00 3,018.16 705.86 0
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