Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pedrart Computer Company's payrol accountant has submitted her resignation and will be leaving the company in two work. The company must decide wit hire a

image text in transcribed
image text in transcribed
image text in transcribed
Pedrart Computer Company's payrol accountant has submitted her resignation and will be leaving the company in two work. The company must decide wit hire a replacement or outsource the payroll position (Click the icon to view the information Read the most Requirement 1. Prepare a different ways to determine Piedmont Computer Company should replace the employee or outsource the payroll function (Complete only the necessary anwwer boxes Do notantora "O" for any com Ansune a 52 year. For any hem andiorow where the cost of outsourcing payroll exceed the cost of replacing the employee enter difference with a minusugn or parents) Replace Outsource Difference Annual Payroll Costa Employee Payroll (Replace.Outsource) Piedmont soul because Requirement 2. What her factors should Piedmont Computer Company consider in making this decision? OA The company should consider whether the payrollsrocessing company can provide reliable and timely service O The company should consider whether outsourcing the functionsfers the ability of training in compliance with a state and federal regulations to the payrol processing company More Info X The current employee earns a salary of $40,000. Medical insurance, employer payroll taxes, and contributions to the pension plan for this position cost $7,600. The company has already invested $22,000 in payroll software. Required annual updates to remain in compliance with all state and federal laws are $495. The company also spends $1,750 per year in professional development for this position to ensure the employee stays up-to-date with payroll changes. Piedmont Computer Company pays its employees weekly. Payroll Professionals will process the company's weekly payroll for $1,000 per week. This fee also includes preparing all necessary payroll tax returns, reports, and W-2s. Requirements X 1. Prepare a differential analysis to determine if Piedmont Computer Company should replace the employee or outsource the payroll function. 2. What other factors should Piedmont Computer Company consider in making this decision? Pedrart Computer Company's payrol accountant has submitted her resignation and will be leaving the company in two work. The company must decide wit hire a replacement or outsource the payroll position (Click the icon to view the information Read the most Requirement 1. Prepare a different ways to determine Piedmont Computer Company should replace the employee or outsource the payroll function (Complete only the necessary anwwer boxes Do notantora "O" for any com Ansune a 52 year. For any hem andiorow where the cost of outsourcing payroll exceed the cost of replacing the employee enter difference with a minusugn or parents) Replace Outsource Difference Annual Payroll Costa Employee Payroll (Replace.Outsource) Piedmont soul because Requirement 2. What her factors should Piedmont Computer Company consider in making this decision? OA The company should consider whether the payrollsrocessing company can provide reliable and timely service O The company should consider whether outsourcing the functionsfers the ability of training in compliance with a state and federal regulations to the payrol processing company More Info X The current employee earns a salary of $40,000. Medical insurance, employer payroll taxes, and contributions to the pension plan for this position cost $7,600. The company has already invested $22,000 in payroll software. Required annual updates to remain in compliance with all state and federal laws are $495. The company also spends $1,750 per year in professional development for this position to ensure the employee stays up-to-date with payroll changes. Piedmont Computer Company pays its employees weekly. Payroll Professionals will process the company's weekly payroll for $1,000 per week. This fee also includes preparing all necessary payroll tax returns, reports, and W-2s. Requirements X 1. Prepare a differential analysis to determine if Piedmont Computer Company should replace the employee or outsource the payroll function. 2. What other factors should Piedmont Computer Company consider in making this decision

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

Step: 3

blur-text-image

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

The Wall Street Mba

Authors: Reuben Advani

2nd Edition

007178831X, 9780071788311

More Books

Students also viewed these Accounting questions

Question

4. Discuss purposed communities and private communities.

Answered: 1 week ago