Question 1 of 1 View Policies Current Attempt in Progress Cost Marx & Ivanhoe, a legal services firm, is considering outsourcing its payroll function. It has received a bid from ABC Payroll Services for $22,370 per year. ABC Payroll will provide all payroll processing, including employee checks and payroll tax reporting. Marx & Ivanhoe's costs for payroll processing in-house over the past year were as follows: Payroll clerk (part time) Annual cost of payroll processing software updates Human resources manager's salary Depreciation of computers used in payroll processing Annual payroll tax update seminar costs for one employee The annual impact of outsourcing payroll $ Amount $13,170 eTextbook and Media 990 Save for Later 25,400 2,010 $1,370 Currently the payroll clerk works only on payroll processing, and will be laid off if payroll is outsourced. The human resources manager spends 25 percent of her time currently on payroll-related issues. She will be retained at 100% even if the company outsources. The computers would remain and be used for other tasks if payroll is outsourced. What is the annual impact of outsourcing payroll? Will the company save money or spend extra money if payroll is outsourced? The company will save v extra money if payroll is outsourced. -/10 E E Attempts: 0 of 3 used Submit Answer

Marx Eilvanhoe, a legal services firm, is considering outsourcing its payroll function. It has recelved a bid from ABC Payroll Services for $22,370 per year, ABC Payroll will provide all payroll processing, including employee checks and payroll tax reportine. Marx \& Ivanhoe's costs for payroll processing in-house over the past year were as follows: Currently the payroll derk works only on payroll processine and will be laid off if payroll is outsourced The human resources manager spends 25 percent of her time currently on payroll-related issues. She will be retained at 100% even if the company outsources. The computers would remain and be used for other tasks if payroll is outsourced. What is the annual impact of outsourcing payroll? Will the company save money or spend extra money if payroll is outsourced? Current Attempt in Progress Marx \& Ivanhoe, a lezal services firm, is considering outsourcing its payroll function. It has recelved a bid from ABC Payroll Services for $22,370 per year. ABC Payroll will provide all payroll processing, including employee checls and payroll tax reporting. Marx E. Ivanhoe's costs for payroll procesing in-house over the past year were as follows: Currently the payroll derk works only on payroll processine and will be laid off if payroll is outsourced. The human resources manaper spends 25 percent of her time currently on payroll-related issues. She will be retained at 100% even if the company outsources. The computers would remain and be used for other tasks if payroll is outsourced. What is the annual impact of outsourcing payroll? Will the company save money or spend extra money if paryoll is outsourced