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Wages and salaries expense (of which $2,200,000 was withheld from employees' pay and forwarded directly to tax authorities) Payroll taxes Workers' compensation premiums Group
Wages and salaries expense (of which $2,200,000 was withheld from employees' pay and forwarded directly to tax authorities) Payroll taxes Workers' compensation premiums Group health insurance premiums Contributions to employees' pension plan Required: a. Compute Big Game's total payroll-related costs for the year. $ 6,740,000 580,000 250,000 725,000 450,000 b. Compute the net amount of cash actually paid to employees (their take-home pay). c-1. Express total payroll-related costs as a percentage of total wages and salaries expense. c-2. Express total payroll-related costs as a percentage of employees' take-home pay. Note: Round your percentage answers to the nearest whole percent. a. Total payroll-related costs b. Take-home pay Answer is complete but not entirely correct. $ 8,705,000 $ 4,500,000 c-1 Total payroll-related costs as a percentage of total wages and salaries expense c-2 Total payroll-related costs as a percentage of employees' take home pay 130 % 193 %
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