There are altogether 6 question and each question has 2 different part. Visual Studio Windows form app required. Net beans Java. (Course- Information system, Computer science)

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Note: There are altogether 6 question and each question has 2 different part. Visual Studio Windows form app required. Net beans Java. (Course- Information system, Computer science)

 

QUESTION I

 

 Part 1: Benefit Costs Calculation 

 

The ABC International’s benefits package includes:

 

1. Medical plan: Insurance Company charges monthly premiums based on the following rules:

           

Individual (no dependent):     $6000 per year

Less than 3 dependents:         $7200 per year

At least 3 dependents:             $9000 per year

 

2. Group Life Insurance: ABC International pays entirely for group life insurance.  The annual fee is $2.5 per $1000 of coverage.  The benefit for employees varies.  An exempt (not eligible for overtime pay) employee’s benefit is two times his or her salary; a nonexempt (eligible for overtime pay) employee’s benefit is one and one-half times his or her annual salary.  For example, if an exempt employee’s annual salary is $50,000, then the insurance coverage is $100,000; the premium paid by the company is: $250 (2*salary/1000*2.5).

 

3. 401K Retirement Plan: Employees may participate in the 401K plan.  For those participating employees, the company will pay 5% of their salary to the plan.

 

4. Worker’s Compensation: The worker’s compensation premium is based on a fee of $7.5 per $1000 of annual salary(Salary/1000*7.5).

 

5. FICA Taxes (Social Security): The Social Security (FICA) tax contains two parts. The Social Security (Old Age, Survivors, and Disability Insurance) FICA tax is based on the first $87,900 paid at the rate of 6.2% with a maximum amount withheld of $5450.  The Medicare (Medical Hospital Insurance) FICA tax is based on all earnings paid, at the rate of 1.45%. There is no limit on the Medicare FICA gross.

 

Create a form similar to the form below and compute and display the total benefit cost of an employee with a textbox.  Use the following data to test your program: Employee name: Buck; annual salary: 32500; no dependent, an exempt exployee; not participate in 401K.

 

Note: Compute the each benefit cost separately and then simply add them together to get the total benefit cot.


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