The city of payrolvia has 95 employees the average annual, Ask an Expert

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The City of Payrolvia has 95 employees. The average annual salary for each employee is $54,000. Their benefit costs are roughly 20% of each salary. They must pay payroll taxes equal to 7% of each salary. They also give each employee an annual bonus of $1,000 (tax free) to help with the cost of parking in downtown Payrolvia.

Estimate the total payroll costs for Payrolvia.

Round your answer to the nearest whole dollar.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91794923

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