You work in the human resources department of your company helping new employees complete the necessary paperwork to get their first paycheck. There are a number of decisions that employees must make when they complete this paperwork including: (1) which health insurance package to buy (this impacts how much money will be deducted each pay period to pay for the premium), (2) how much money to put in a flexible spending account annually to cover medical and childcare expenses, and (3) the percentage of their regular paychecks to invest in the company's 401k retirement savings plan. The expenses paid for these three items are not subject to Federal or State income taxes. Each new employee must also complete a W4 form where they claim their marital status and number of allowances for deductions for tax purposes. Often these employees will ask you to project their first paycheck so that they know how much money to plan on for their personal budget. You have decided to create a spreadsheet model that will make these projections given the information the new employee provides on their paperwork.