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The average employee of Girard Corporation earns gross pay of $75,000 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):
In addition,Girard pays $425 per month per employee for group health insurance.
-Which of the following is the largest payroll-related expense incurred by Girard?
A)Group health insurance premiums.
B)Income taxes expense.
C)The employer's share of social security taxes.
D)Wages and salaries expense.

Question

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The average employee of Girard Corporation earns gross pay of $75,000 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):
  In addition,Girard pays $425 per month per employee for group health insurance.
-Which of the following is the largest payroll-related expense incurred by Girard?
A)Group health insurance premiums. 
B)Income taxes expense. 
C)The employer's share of social security taxes. 
D)Wages and salaries expense.

Quizplus · Accepted Answer

Wages and salaries expense is the largest payroll-related expense incurred by Girard as it represents the gross pay of all employees.

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