The company's annual payroll-related expenses amount to approximately:

Employees' annual "take-home-pay," totals approximately:

(no handwritten answers please, thank you!)

Required information The following information applies to the questions displayed below. Stone Corporation has 20 employees and incurs total wages and salaries expense of $600,000 per year. The following table shows various payroll amounts as a percentage of this annual wage and salaries expense: 5% Workers compensation insurance Social security and Medicare (employees' share and Employer's share combined) Pension and other postretirement costs expense (paid by employer) Personal income taxes withheld Unemployment taxes expense 15.3 % 5% 10% 2% In addition, Stone provides group health insurance for its entire workforce. The cost of this insurance is $350 per month per employee