Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of...
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Accounting
Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the companys annual payroll-related costs.
a. Compute Big Games total payroll-related costs for the year.
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.
(Round your percentage answers to the nearest whole percent.)
Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs Wages and salaries expense (of which $2,200,000 was withheld from employees' pay and forwarded directly to tax authorities) Payroll taxes orkers' compensation premiums Group health insurance premiums Contributions to employees' pension plan $6,680,000 580,000 250,000 725,000 450,000 a. Compute Big Game's total payroll-related costs for the year 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 Round your percentage answers to the nearest whole percent.) a. Total payroll-related costs b. Take-home pay 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
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