Multiple Choice
[The following information applies to the questions displayed below.]
Stone 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: In addition,Stone provides group health insurance for its entire workforce.The cost of this insurance is $350 per month per employee.
In addition,Stone provides group health insurance for its entire workforce.The cost of this insurance is $350 per month per employee.
-Employees' annual "take-home-pay," totals approximately:
A) $672,300.
B) $762,300.
C) $675,000.
D) $741,150.
Correct Answer:

Verified
Correct Answer:
Verified
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