tone Corporation has 25 employees and incurs total wages and salaries expense of $900,000 per...
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Accounting
tone Corporation has 25 employees and incurs total wages and salaries expense of $900,000 per year. The following table shows various payroll amounts as a percentage of this annual wage and salaries expense: Picture In addition, Stone provides group health insurance for its entire workforce. The cost of this insurance is $350 per month for each employee. Refer to the information above. Employees annual "take-home-pay," totals approximately:
$672,300. $762,300. $675,000. $741,150.
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