Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Score: 0 of 4 pts 11 of 11 (8 complete) HW Score: 43.13%, 8.63 of 20 pts CP25-34 (similar to) i More Info - X

image text in transcribed

Score: 0 of 4 pts 11 of 11 (8 complete) HW Score: 43.13%, 8.63 of 20 pts CP25-34 (similar to) i More Info - X Princeton Computer Company's payroll accountant has submitted her resignation and will be leaving the company in two weeks. The compan (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare a differential analysis to determine if Princeton Computer Company should replace the employee or outsource the pl zero balances. Assume a 52-week year. For any item and/or total where the cost of outsourcing payroll exceeds the cost of replacing the emp The current employee earns a salary of $44,000. Medical insurance, employer payroll taxes, and contributions to the pension plan for this position cost $6,200. The company has already invested $25,000 in payroll software. Required annual updates to remain in compliance with all state and federal laws are $375. The company also spends $1,800 per year in professional development for this position to ensure the employee stays up-to-date with payroll changes. Princeton Computer Company pays its employees weekly. Payroll Professionals will process the company's weekly payroll for $1,200 per week. This fee also includes preparing all necessary payroll tax returns, reports, and W-2s. Replace Employee Outsource Payroll Difference (Replace - Outsource) Annual Payroll Costs 0 Requirements Print Done 1. Prepare a differential analysis to determine if Princeton Computer Company should replace the employee or outsource the payroll function. 2. What other factors should Princeton Computer Company consider in making this decision? Total Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts 2 remaining Clear All Check Answer 5:51 PM

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 Quality Audit Handbook

Authors: Asq Quality Audit Division, J. P. Russell

2nd Edition

087389460X, 978-0873894609

More Books

Students also viewed these Accounting questions