Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 parts to this question UP2U34 SITIllel 10) Pierre Computer Company's payroll accountant has submitted her resignation and will be leaving the company in two

2 parts to this question image text in transcribed
image text in transcribed
UP2U34 SITIllel 10) Pierre Computer Company's payroll accountant has submitted her resignation and will be leaving the company in two weeks. The company must decide if it will hire a replacement or outsource the payroll position (Click the icon to view the information) Read the requirements Requirement 1. Prepare a differential analysis to determine Pierre Computer Company should replace the employee or outsource the payroll function (Complete only the necessary answer boxes. Do not enter a "O" for any zero balances. Assume a 52-week year. For any item and/or total where the cost of outsourcing payroll exceeds the cost of replacing the employee, enter difference with a minus sign or parentheses.) Difference Replace Employee Outsource Payroll Annual Payroll Costs (Replace - Outsource) Choose from any list or enter any number in the input fields and then click Check Answer parts 2 remaining Clear All Check Answer CP25-34 (similar to) 1 More Info Pierre Computer Company's payroll accountant has submitted her resignation af placemento che position Requirements 1. Prepare a differential analysis to determine if Pierre Computer Company should replace the employee or outsource the payroll function - What other factors should Pierre Computer Company consider in making this decision? The current employee earns a salary of $12,000. Medical insurance, employer payroll taxes, and contributions to the pension plan for this position cost $7,500 The company has already invested $28,000 in payroll software. Required annual updates to remain in compliance with all state and federal laws are 5425. The company also spends $1,100 per year in professional development for this position to ensure the employee stays up to date with payroll changes. Pierre Computer Company pays its employees weekly Payroll Professionals will process the company's weekly payroll for 5700 per week. This fee also includes preparing all necessary payroll tax returns, reports, and W-25 Print Done Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Auditing An Introduction to International Standards on Auditing

Authors: Rick Hayes, Philip Wallage, Hans Gortemaker

3rd edition

273768174, 978-0273768173

More Books

Students also viewed these Accounting questions

Question

14. Describe the benefits of ethnographic research.

Answered: 1 week ago