pier Computer Company's payroll accountant has submitted her resignation and will be leaving the company...

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Accounting

pier Computer Company's payroll accountant has submitted her resignation and will be leaving the company in two weeks. The company must decide if it will hire a replacement or outsource the payroll position. The current employee earns a salary of $45000. Medical insurance, employer payroll taxes, and contributions to the pension plan for this position cost $6500. The company has already invested $28000 in payroll software. Required annual updates to remain in compliance with all state and federal laws are $325. The company also spends $1600 per year in professional development for this position to ensure the employee stays up-to-date with payroll changes. Computer Company pays its employees weekly. Pier Payroll Professionals will process the company's weekly payroll for $1600 per week. This fee also includes preparing all necessary payroll tax returns, reports, and W-2s.
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