The average employee of Girard Corporation earns gross pay of $175,000 per year. The following table shows the relative size of various payroll amounts by expressing each as a percentage of total wages and salaries expense (gross pay):
$\begin{array} { | l | l | }
\hline \text { Workers' compensation insurance } & 6 \% \
\hline \begin{array} { l }
\text { Social security and medical care taxes } \
\text { (employer's portion) }
\end{array} & 8 \% \
\hline \begin{array} { l }
\text { Pension and other postretirement costs } \
\text { expense (paid by employer) }
\end{array} & 5 \% \
\hline \text { Unemployment taxes expense } & 2 \% \
\hline
\end{array}$
In addition, Girard pays $825 per month per employee for group health insurance.
-Which of the following represents the largest amount withheld from employees' paychecks?

Question

The average employee of Girard Corporation earns gross pay of $175,000 per year. The following table shows the relative size of various payroll amounts by expressing each as a percentage of total wages and salaries expense (gross pay):
$\begin{array} { | l | l | } 
\hline \text { Workers' compensation insurance } & 6 \% \
\hline \begin{array} { l } 
\text { Social security and medical care taxes } \
\text { (employer's portion) }
\end{array} & 8 \% \
\hline \begin{array} { l } 
\text { Pension and other postretirement costs } \
\text { expense (paid by employer) }
\end{array} & 5 \% \
\hline \text { Unemployment taxes expense } & 2 \% \
\hline
\end{array}$
In addition, Girard pays $825 per month per employee for group health insurance.
-Which of the following represents the largest amount withheld from employees' paychecks?

Quizplus · Accepted Answer

The Answer of The average employee of Girard Corporation earns gross pay of $175,000 per year. The following table shows the relative size of various payroll amounts by expressing each as a percentage of total wages and salaries expense (gross pay):
$\begin{array} { | l | l | } 
\hline \text { Workers' compensation insurance } & 6 \% \
\hline \begin{array} { l } 
\text { Social security and medical care taxes } \
\text { (employer's portion) }
\end{array} & 8 \% \
\hline \begin{array} { l } 
\text { Pension and other postretirement costs } \
\text { expense (paid by employer) }
\end{array} & 5 \% \
\hline \text { Unemployment taxes expense } & 2 \% \
\hline
\end{array}$
In addition, Girard pays $825 per month per employee for group health insurance.
-Which of the following represents the largest amount withheld from employees' paychecks?

The Average Employee of Girard Corporation Earns Gross Pay of $175,000