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Employee Information:Staff Accountant Salary: 50,000Bonus: 3% of annual salaryPaid Time-Off: 15 days per year       Public Holidays recognized: 11 days Benefits: Health Insurance Monthly Premium: $500 for individual, $800 for Employee & Children & $1100 for Family coverage

Business Nov 09, 2020

Employee Information:Staff Accountant Salary: 50,000Bonus: 3% of annual salaryPaid Time-Off: 15 days per year

  1.  
  2.  
  3.  
  4. Public Holidays recognized: 11 days
  5. Benefits:
  6. Health Insurance Monthly Premium: $500 for individual, $800 for Employee & Children & $1100 for Family coverage. Mary selected Family coverage. The employer pays 100% for employee and 50% for dependent coverage.
  7. Dental & Vision Insurance: Monthly Premium: $40 for individual, $60 for Employee & Children & $100 for Family coverage. Mary selected Family coverage. The employer pays 100% for employee and 50% for dependent coverage.
  8. GAP Insurance: Monthly Premium: $50 for individual, $75 for Employee & Children & $100 for Family coverage. Mary selected Family coverage. Employers pay 100% for employees and 50% for dependent coverage.
  9. Short-Term & Long-Term Disability: Short-Term rate: 1.2% of annual salary & Long-Term rate of 2% of annual salary. The employer pays 75%, Employee pays 25%
  10. Group Life Insurance & ADD: Employers pay 100%. Rate 1% of total salary
  11. Unemployment rate .85
  12. Worker Comp rate: $0.68 per $100 of salary
  13. Employer matches up to 4% of employee's contribution; Mary's contributes 5% to 401K.
  14. Cell phone allowance: $500 annually
  15. Tuition Reimbursement: $500 per course, up to 3 courses per year. Mary took 8 courses in 2019

Required:

create a total compensation report with the employees information given above

  1. Statutory Benefits
  2. Retirements
  3. Other Company provided Benefits
  4. medicare

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