Isabel,age 51 and Single,is an Electrical Engineer Employed by Regis

question 112

Essay

Isabel,age 51 and single,is an electrical engineer employed by Regis Corporation.Isabel's annual salary is $80,000.Regis Corporation's qualified pension plan matches employee's contributions to the plan up to 5% of the employee's annual salary.During the current year,Isabel contributes the $4,000 maximum to the plan,which is matched by Regis.Due to high cost of medical insurance,the corporation does not provide any medical insurance to its employees.Instead,it offers a flexible benefits plan that employees can use to pay for medical insurance,unreimbursed medical costs,and childcare costs.Isabel elects to have $2,500 paid into the plan.Isabel uses the plan to purchase medical insurance costing $2,200.Isabel spends an additional $150 from the plan on eyeglasses and dental costs.Regis Corporation also provides group-term life insurance at twice the employee's annual gross salary.The cost of Isabel's insurance was $600.Regis also provides engineers in Isabel's department with free parking in the company's parking garage.Non-employees pay $3,120 per year to park in the garage.Isabel's $250 dues to the Electrical Engineer's Association and her $1,560 health club membership are also paid by Regis.Compute Isabel's taxable compensation from Regis Corporation.

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Definitions:

Space

The limitless three-dimensional extent in which objects and events occur and have relative position and direction.

Vestibular Sense

The sense of body movement and position, including the sense of balance.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, crucial for hearing and balance.

Receptors

Specialized cells or proteins in the body that bind to specific molecules like neurotransmitters, hormones, or drugs, triggering a physiological response.