notes to consolidated financial statements the apex trusts and the 2012 trusts are delaware statutory trusts sponsored by the firm and wholly-owned finance subsidiaries of the firm for regulatory and legal purposes but are not consolidated for accounting purposes .
the firm has covenanted in favor of the holders of group inc . 2019s 6.345% ( 6.345 % ) junior subordinated debt due february 15 , 2034 , that , subject to certain exceptions , the firm will not redeem or purchase the capital securities issued by the apex trusts or shares of group inc . 2019s series e or series f preferred stock prior to specified dates in 2022 for a price that exceeds a maximum amount determined by reference to the net cash proceeds that the firm has received from the sale of qualifying securities .
junior subordinated debt issued in connection with trust preferred securities .
group inc .
issued $ 2.84 billion of junior subordinated debt in 2004 to goldman sachs capital i ( trust ) , a delaware statutory trust .
the trust issued $ 2.75 billion of guaranteed preferred beneficial interests ( trust preferred securities ) to third parties and $ 85 million of common beneficial interests to group inc .
and used the proceeds from the issuances to purchase the junior subordinated debt from group inc .
during the second quarter of 2014 , the firm purchased $ 1.22 billion ( par amount ) of trust preferred securities and delivered these securities , along with $ 37.6 million of common beneficial interests , to the trust in the third quarter of 2014 in exchange for a corresponding par amount of the junior subordinated debt .
following the exchange , these trust preferred securities , common beneficial interests and junior subordinated debt were extinguished and the firm recognized a gain of $ 289 million ( $ 270 million of which was recorded at extinguishment in the third quarter of 2014 ) , which is included in 201cmarket making 201d in the consolidated statements of earnings .
subsequent to this exchange , during the second half of 2014 , the firm purchased $ 214 million ( par amount ) of trust preferred securities and delivered these securities , along with $ 6.6 million of common beneficial interests , to the trust in february 2015 in exchange for a corresponding par amount of the junior subordinated debt .
the trust is a wholly-owned finance subsidiary of the firm for regulatory and legal purposes but is not consolidated for accounting purposes .
the firm pays interest semi-annually on the junior subordinated debt at an annual rate of 6.345% ( 6.345 % ) and the debt matures on february 15 , 2034 .
the coupon rate and the payment dates applicable to the beneficial interests are the same as the interest rate and payment dates for the junior subordinated debt .
the firm has the right , from time to time , to defer payment of interest on the junior subordinated debt , and therefore cause payment on the trust 2019s preferred beneficial interests to be deferred , in each case up to ten consecutive semi-annual periods .
during any such deferral period , the firm will not be permitted to , among other things , pay dividends on or make certain repurchases of its common stock .
the trust is not permitted to pay any distributions on the common beneficial interests held by group inc .
unless all dividends payable on the preferred beneficial interests have been paid in full .
note 17 .
other liabilities and accrued expenses the table below presents other liabilities and accrued expenses by type. .

$ in millions
as of december 2014
as of december 2013
compensation and benefits
$ 8368
$ 7874
noncontrolling interests1
404
326
income tax-related liabilities
1533
1974
employee interests in consolidated funds
176
210
subordinated liabilities issued by consolidated vies
843
477
accrued expenses and other
4751
5183
total
$ 16075
$ 16044

1 .
primarily relates to consolidated investment funds .
goldman sachs 2014 annual report 163 .

Question: what percentage of total other liabilities and accrued expenses in 2014 are due to compensation and benefits?
Answer: 52%
Calculation: divide(8368, 16075)