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Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs. Wages and salaries expense
Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs. Wages and salaries expense (of which $2,200,000 was withheld from employees' pay and forwarded directly to tax authorities) Payroll taxes Workers' compensation premiums Group health insurance premiums Contributions to employees' pension plan a. Compute Big Game's total payroll-related costs for the year. $6,830,000 580,000 250,000 725,000 450,000 b. Compute the net amount of cash actually paid to employees (their take-home pay). c-1. Express total payroll-related costs as a percentage of total wages and salaries expense. c-2. Express total payroll-related costs as a percentage of employees' take-home pay. (Round your percentage answers to the nearest whole percent.) a. Total payroll-related costs b. Take-home pay c-1. Total payroll-related costs as a percentage of total wages and salaries expense c-2. Total payroll-related costs as a percentage of employees' take home pay % %
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