The partnership of Alfred King and Anne Royal is planning to replace Mary Regal by employing either one full-time employee or two part-time employees. A full-time employee would be paid a gross annual salary of 22,000, whilst the part-time employees would each be paid gross annual salaries of 11,450. Alfred would prefer to employ two part-time employees, but is concerned that this will be more expensive. Required: Explain to Alfred King why employing two part-time employees will not be any more expensive than employing one full-time employee. Note: You should include calculations to support your explanation, and should confine your answer to the information given in this part of the