Sami Terry is working as an Electrician for Siemens International in Toronto, Ontario. He earns $1500.00...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sami Terry is working as an Electrician for Siemens International in Toronto, Ontario. He earns $1500.00 on a bi-weekly basis. Sami's Federal and provincial code for TD1 is 2(Hint: you can use any year's tax deduction table or PDOC). He has a non-taxable benefit of life insurance each pay period of $45.00 and a cash taxable benefit of $30.00 each pay period. He is also contributed $60.00 RPP each pay period. Check the following points if there are applicable only. Step One: Determine Gross Earnings Step Two: Determine Non-Cash Taxable Benefits Step Three: Determine CPP or QPP contributions (Use 5.10%) Step Four: Determine El premium (Use 1.62%) Step Five: Determine QPIP premium Step Six: Determine federal & provincial tax Step Seven: Determine Northwest Territories/Nunavut (NT/NU) Payroll Tax Step Eight: Total Deductions Step Nine: Net Pay Required: Calculate Sami Terry's Net Pay. Sami Terry is working as an Electrician for Siemens International in Toronto, Ontario. He earns $1500.00 on a bi-weekly basis. Sami's Federal and provincial code for TD1 is 2(Hint: you can use any year's tax deduction table or PDOC). He has a non-taxable benefit of life insurance each pay period of $45.00 and a cash taxable benefit of $30.00 each pay period. He is also contributed $60.00 RPP each pay period. Check the following points if there are applicable only. Step One: Determine Gross Earnings Step Two: Determine Non-Cash Taxable Benefits Step Three: Determine CPP or QPP contributions (Use 5.10%) Step Four: Determine El premium (Use 1.62%) Step Five: Determine QPIP premium Step Six: Determine federal & provincial tax Step Seven: Determine Northwest Territories/Nunavut (NT/NU) Payroll Tax Step Eight: Total Deductions Step Nine: Net Pay Required: Calculate Sami Terry's Net Pay.
Expert Answer:
Related Book For
University Physics with Modern Physics
ISBN: 978-0133977981
14th edition
Authors: Hugh D. Young, Roger A. Freedman
Posted Date:
Students also viewed these finance questions
-
Suppose you are Mr. Y who is working as an assistant engineer of PGCB. You have studied a wye-wye system during your investigation of a three-phase system. In this system, a Y-connected balanced...
-
You can use any angular measureradians, degrees, or revolutionsin some of the equations in Chapter 9, but you can use only radian measure in others. Identify those for which using radians is...
-
You can use any remote access method or combination of remote access schemes. You must demonstrate understanding of the principles of remote access connections and technologies and show that they...
-
7. Arrange the following nitrogen containing compounds in decreasing order of basicity NH NH -H (P) (a) S>R>Q> P NO (R) (2) (b) P>Q>S>R -H (S) (c) P>Q>R>S (d) R>Q> P > S
-
Sauer Milk Inc. wants to determine the minimum cost of capital point for the firm. Assume it is considering the following financial plans: a. Which of the four plans has the lowest weighted average...
-
Penn Corporation purchased 80 percent ownership of ENC Company on January 1, 20X2, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 20 percent of the...
-
What other types of ordinary shares are there?
-
The treasury stock purchased in question 13 is resold by Chen, Inc. for $15,000. What effect does this transaction have on (a) Net income, (b) Total assets, (c) Total paid-in capital, and (d) Total...
-
A number of security folks argue that wireless is not yet as secure as wired communication and implementing wirelesswithin corporations and organizationscan pose an additional risk and exposure to...
-
On NOV 15, 2018 a multinomial US firm expects a cash flow of EUR5,000,000 (from a project in France) by the end of the quarter, MAR 31, 2019. The firm decided to exchange the EUR5M into USD and...
-
Zahara received virtual currency as payment for legal services. The basis of the virtual currency was $1,500. The FMV of the currency on the date Zahara received payment was $1,595. A week later,...
-
What are the primary causes of job shortages in different regions of the world? How do job shortages impact economic stability and growth in different countries? What are the psychological and social...
-
Indicate the value of 'y' after executing the following JavaScript code: x = 2; y = 4; if (x < 5) { y = 8; } else if (x < 10) { y = 7 }
-
In regards to the O'Bannon VS. NCAA case, complete the following (1) a brief background, introduction, and motivation, (2) the plaintiff and defendant cases, with emphasis on their economic...
-
Calculate the Internal Rate of Return (IRR) for the following series of cash flows: Year Cash Flow 0 -315,000 1 110,000 2 120,000 3 105,000 4 102,000 5 101,000 Enter your answer as a decimal with a...
-
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.58 per mile driven. Joyce has determined that if she drives 2,600 miles in a month, her total operating cost is $800....
-
A/n as the term is used with respect to the pass-through deduction, means any trade or business other than a specified service trade or business or the trade or business of performing services as an...
-
How does Kant answer Humes bundle theory of self? Do you think he is successful?
-
Does a rigid object in uniform rotation about a fixed axis satisfy the first and second conditions for equilibrium? Why? Does it then follow that every particle in this object is in equilibrium?...
-
A baseball thrown at an angle of 60.0 above the horizontal strikes a building 18.0 m away at a point 8.00 m above the point from which it is thrown. Ignore air resistance. (a) Find the magnitude of...
-
What is the difference between Fresnel and Fraunhofer diffraction? Are they different physical processes? Explain.
-
Classify each of the following costs relative to the cost object customer for a new car dealer: Salesperson wages Dealership manager salary. Depreciation on showroom furniture. Cost of automobiles...
-
Complete the following T-accounts: Materials Inventory ? 20,000 19,900 300 Wages Payable 15,000 Work-in-Process Inventory Finished Goods Inventory 2,000 ? 5,000 ? ? ? ? ? 3,000 32,000 5,000...
-
Benton Engineering Services Company incurred the following during 2019: Calculate prime cost and conversion cost for Benton Engineering Services Company during 2019. Direct labor.. Overhead Selling...
Study smarter with the SolutionInn App