Business, 14.06.2021 15:30, abby5978

Suppose you are the human resource manager for a cellular phone company with 600 employees. Top management has asked you to implement three additional fringe benefits that were negotiated with employee representatives and agreed upon by a majority of the employees. These include group term life insurance, a group legal services plan, and a wellness center. The life insurance is estimated to cost $520 per employee per quarter. The legal plan will cost $312 semiannually per employee. The company will contribute 40% to the life insurance premium and 75% to the cost of the legal services plan. The employees will pay the balance through payroll deductions from their biweekly paychecks. In addition, they will be charged 1 4 % of their gross earnings per paycheck for maintaining the wellness center. The company will pay the initial cost of $700,000 to build the center. This expense will be spread over 5 years. Required:
a. What total amount should be deducted per paycheck for these new fringe benefits for an employee earning $41,600 per year?
b. What is the total annual cost of the new fringe benefits to Sunlink?

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Suppose you are the human resource manager for a cellular phone company with 600 employees. Top mana...