401(k) contribution: 6 percent of annual salary. The company match is 75 percent of employee contribution up to 4 percent.
Medical insurance deduction: \$230 per month
Dental insurance: \$15 per month
Required:
Complete the following Benefits Analysis Report for Avery for the year. Do not include the FUTA and SUTA taxes.
Note: Enter all amounts as positive values. Round your answers to 2 decimal places.
Yearly Benefit CostsCompany Cost Avery's Cost
Medical insurance\$ 7,200.00 \$ 2,760.00
Dental insurance\$ 1,000.00 \$ 180.00
Life insurance\$ 200.00 \$ 0.00
AD\D \$ 50.00 \$ 0.00
Short-term disability\$ 500.00 \$ 0.00
Long-term disability\$ 250.00 \$ 0.00
401(k)\$ 1,426.00 \$ 2,139.00
Social Security
Medicare
Tuition reimbursement\$ 5,200.00 \$ 0.00
Total yearly benefit costs
Avery's annual salary\$ 35,650.00
Total value of Avery's compensation
Medical insurance deduction: \$230 per month
Dental insurance: \$15 per month
Required:
Complete the following Benefits Analysis Report for Avery for the year. Do not include the FUTA and SUTA taxes.
Note: Enter all amounts as positive values. Round your answers to 2 decimal places.
Yearly Benefit Costs | Company Cost | Avery's Cost | |
Medical insurance | \$ 7,200.00 | \$ 2,760.00 | |
Dental insurance | \$ 1,000.00 | \$ 180.00 | |
Life insurance | \$ 200.00 | \$ 0.00 | |
AD\ | D | \$ 50.00 | \$ 0.00 |
Short-term disability | \$ 500.00 | \$ 0.00 | |
Long-term disability | \$ 250.00 | \$ 0.00 | |
401(k) | \$ 1,426.00 | \$ 2,139.00 | |
Social Security | |||
Medicare | |||
Tuition reimbursement | \$ 5,200.00 | \$ 0.00 | |
Total yearly benefit costs | |||
Avery's annual salary | \$ 35,650.00 | ||
Total value of Avery's compensation | |||