Exercise AI-11 Analyzing total labour costs LO2, 3, 4

ORiley Companys payroll costs and fringe benefit expenses include the normal CPP and EI contributions, retirement fund contributions of 10% of total earnings, and health insurance premiums of $122 per employee per month.

Doherty$52,200 Fane 58,400 Kahan 57,700 Martin 41,000 Leung 66,500 Total$275,800

1. Given the above list of employees' projected 2021 annual salaries, calculate the employer's contribution of CPP, EI, Retirement Fund, and Health Insurance made by O'Riley Company. (Round the final answers to 2 decimal places.)

Click here to view the CPP Tables for 2021.

Click here to view the EI Tables for 2021.

CPP contributionEI contributionRetirement funds contributionHealth insuranceDoherty Fane Kahan Martin Leung totals

2. Payroll costs and fringe benefits are what percentage of salaries? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) percentage of salary is _______%