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) $7,430,000 Payroll taxes 580,000 Workers' compensation premiums 250,000 Group health insurance premiums 725,000 Contributions to employees' pension plan 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) Express total payroll related costs as a percentage of total wages and salaries expense.
D) Express total payroll related costs as a percentage of employees take-home pay.
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