Magnum Cash&Carry is a chain of supermarkets. The following is a summary of the companys
annual payroll related costs.
Wages and salaries expense (of which $4,400,000 was withheld from employees pay
and transmitted to the tax authorities)								14 600 000
Payroll taxes (other)								1 060 000
Workers compensation premiums								500
Group health insurance premium								1 450 000
Contributions to employees pension plan								900
Required:
1.	Compute Magnums total payroll related costs for the year.
2.	Compute net amount of cash actually paid to employees (their take-home pay).
3.	Express total payroll related costs as a percentage of
	(a) total wages and salaries expense, and
	(b) employees take-home pay
	Round computations to nearest 1 percent.