Here is an opportunity to use the real-life tools available from the CRA to generate payroll data

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Here is an opportunity to use the real-life tools available from the CRA to generate payroll data for a fictitious employee. This would be something you might use if you worked in the payroll department of a company.


Required
Refer to the CRA’s Payroll Deductions Online Calculator, which can be found at https://www.canada.ca/en/revenue-agency/services/e-services/e-servicesbusinesses/payroll-deductions-online-calculator.html (or by searching online).


Calculate the net pay for the following employee using the information given:
Name: John Doe
Company Name: ABC Company
Pay frequency: 52 pays per year
Pay date 5 April 15, 2019
Weekly Salary 5 $1,025, no other income
Claim code 1 used for income tax purposes
Earnings to date for CPP and EI 5 $14,350
CPP deductions to date 5 $684
EI deductions to date 5 $232

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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