You have been hired to do the payroll for a small software development start-up company in...

 

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You have been hired to do the payroll for a small software development start-up company in Kanata, Ontario with 3 employees. This is one of several clients you have. The payroll must be done on certain days of the month (pay days) but you can process the payroll at any time during the day on these pay days. You have the choice of processing the payroll from home or going into the office to process the payroll. You and the company have agreed to be paid $80 per month to process the payroll for the month (for all pay cycle types). The company will pay the remittances but you simply need to let them know the amounts to pay. Employee 1 - Sakura Tanaka (Sales and Marketing) Paid semi-monthly Has a company owned automobile Employer retains vacation No vacation taken during July Employee 2 - Susan Campbell (Software/Hardware Developer) Paid bi-weekly Works 40 hours per week Employer retains vacation No vacation taken during July Has been paid 13 times until the end of June Has $20 extra deducted for federal income tax per pay. Employee 3 - Jeremy Karr (Manager) Paid monthly Works 40 hours per week Employer retains vacation No vacation taken during July General information: Saa naurall tah Employer retains vacation No vacation taken during July General information: See payroll tab. Year-to-date amounts for CPP pensionable earnings, CPP, El insurable earnings and El are up to June 30 (Beginning numbers). All employees started working for the company in 2020. No employees have been or will be paid for overtime or any other additional payments other than their regular salary. All employees claim the basic personal amount for tax purposes. The only deductions off employees pay are statutory deductions. All current employees are between the ages of 20 - 60. Name of 1st employee Employee #1 Sakura Tanaka Automobile taxable benefit Semi-monthly Pay Date Beginning (Jun 30) 15-Jul-21 31-Jul-21 Name of 2nd employee Employee #2 Susan Campbell Bi-weekly Pay Date Gross Pay Gross Pay Address of first employee 1 City Street, Ottawa ON K4P OV3 $236.40 per pay Federal Tax Provincial Tax Address of second employee 9 Princess Lane, Ottawa ON K7P 9J3 Federal Tax Provincial Tax CPP CPP Social Insurance Number 440 963 935 ΕΙ Net Pay Social Insurance Number 234 567 899 ΕΙ Net Pay Year-to-date amounts Pensionable CPP Insurable ΕΙ Earnings Max Earnings Max Max $61600 $3,166.45 Max $56300 $889.54 $51,436.80 $2,707.92 $48,600.00 $767.88 $51,673.20 $2,707.92 $48,600.00 $767.88 ✓ $51,909.60 $2,707.92 $48,600.00 $767.88 Year-to-date amounts Pensionable CPP Earnings Max Max $61600 $3,166.45 Insurable Earnings Max $56300 ΕΙ Max $889.54 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 Name of 2nd employee Employee #2 Susan Campbell Bi-weekly Pay Date Beginning (Jun 30) 9-Jul-21 23-Jul-21 Name of 3rd employee Employee #3 Jeremy Karr Monthly Pay Date Gross Pay Gross Pay Address of second employee 9 Princess Lane, Ottawa ON K7P 9J3 Federal Tax Provincial Tax Address of third employee 1 King Street, Ottawa ON K4C 1V0 Federal Tax Provincial Tax CPP CPP Social Insurance Number 234 567 899 ΕΙ Net Pay Social Insurance Number 445 111 222 ΕΙ Net Pay Year-to-date amounts Pensionable CPP Insurable EI Earnings Max Earnings Max Max $61600 $3,166.45 Max $56300 $889.54 $39,000.00 $2,030.08 $39,000.00 $616.20 $2,030.08 $39,000.00 $616.20 $39,000.00 $39,000.00 $2,030.08 $39,000.00 Year-to-date amounts Pensionable CPP Earnings Max Max $61600 $3,166.45 $616.20 Insurable ΕΙ Earnings Max Max $56300 $889.54 Bi-weekly Pay Date Beginning (Jun 30) 9-Jul-21 23-Jul-21 Name of 3rd employee Employee #3 Jeremy Karr Monthly Pay Date Beginning (Jun 30) 31-Jul-21 Gross Pay Gross Pay Federal Tax Provincial Tax Address of third employee 1 King Street, Ottawa ON K4C 1V0 Federal Tax Provincial Tax CPP CPP EI Net Pay Social Insurance Number 445 111 222 EI Net Pay Pensionable CPP Earnings Max Max $61600 $3,166.45 Insurable EI Earnings Max Max $56300 $889.54 $39,000.00 $2,030.08 $39,000.00 $616.20 $39,000.00 $2,030.08' $2,030.08 $39,000.00 $39,000.00 $616.20 $39,000.00 $2,030.08 $39,000.00 $616.20 Year-to-date amounts Pensionable CPP Insurable Earnings Max Earnings Max $61600 $3,166.45 Max $56300 $54,000.00 $2,847.63 $54,000.00 $54,000.00 $2,847.63 $54,000.00 EI Max $889.54 $853.20 $853.20 You have been hired to do the payroll for a small software development start-up company in Kanata, Ontario with 3 employees. This is one of several clients you have. The payroll must be done on certain days of the month (pay days) but you can process the payroll at any time during the day on these pay days. You have the choice of processing the payroll from home or going into the office to process the payroll. You and the company have agreed to be paid $80 per month to process the payroll for the month (for all pay cycle types). The company will pay the remittances but you simply need to let them know the amounts to pay. Employee 1 - Sakura Tanaka (Sales and Marketing) Paid semi-monthly Has a company owned automobile Employer retains vacation No vacation taken during July Employee 2 - Susan Campbell (Software/Hardware Developer) Paid bi-weekly Works 40 hours per week Employer retains vacation No vacation taken during July Has been paid 13 times until the end of June Has $20 extra deducted for federal income tax per pay. Employee 3 - Jeremy Karr (Manager) Paid monthly Works 40 hours per week Employer retains vacation No vacation taken during July General information: Saa naurall tah Employer retains vacation No vacation taken during July General information: See payroll tab. Year-to-date amounts for CPP pensionable earnings, CPP, El insurable earnings and El are up to June 30 (Beginning numbers). All employees started working for the company in 2020. No employees have been or will be paid for overtime or any other additional payments other than their regular salary. All employees claim the basic personal amount for tax purposes. The only deductions off employees pay are statutory deductions. All current employees are between the ages of 20 - 60. Name of 1st employee Employee #1 Sakura Tanaka Automobile taxable benefit Semi-monthly Pay Date Beginning (Jun 30) 15-Jul-21 31-Jul-21 Name of 2nd employee Employee #2 Susan Campbell Bi-weekly Pay Date Gross Pay Gross Pay Address of first employee 1 City Street, Ottawa ON K4P OV3 $236.40 per pay Federal Tax Provincial Tax Address of second employee 9 Princess Lane, Ottawa ON K7P 9J3 Federal Tax Provincial Tax CPP CPP Social Insurance Number 440 963 935 ΕΙ Net Pay Social Insurance Number 234 567 899 ΕΙ Net Pay Year-to-date amounts Pensionable CPP Insurable ΕΙ Earnings Max Earnings Max Max $61600 $3,166.45 Max $56300 $889.54 $51,436.80 $2,707.92 $48,600.00 $767.88 $51,673.20 $2,707.92 $48,600.00 $767.88 ✓ $51,909.60 $2,707.92 $48,600.00 $767.88 Year-to-date amounts Pensionable CPP Earnings Max Max $61600 $3,166.45 Insurable Earnings Max $56300 ΕΙ Max $889.54 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 Name of 2nd employee Employee #2 Susan Campbell Bi-weekly Pay Date Beginning (Jun 30) 9-Jul-21 23-Jul-21 Name of 3rd employee Employee #3 Jeremy Karr Monthly Pay Date Gross Pay Gross Pay Address of second employee 9 Princess Lane, Ottawa ON K7P 9J3 Federal Tax Provincial Tax Address of third employee 1 King Street, Ottawa ON K4C 1V0 Federal Tax Provincial Tax CPP CPP Social Insurance Number 234 567 899 ΕΙ Net Pay Social Insurance Number 445 111 222 ΕΙ Net Pay Year-to-date amounts Pensionable CPP Insurable EI Earnings Max Earnings Max Max $61600 $3,166.45 Max $56300 $889.54 $39,000.00 $2,030.08 $39,000.00 $616.20 $2,030.08 $39,000.00 $616.20 $39,000.00 $39,000.00 $2,030.08 $39,000.00 Year-to-date amounts Pensionable CPP Earnings Max Max $61600 $3,166.45 $616.20 Insurable ΕΙ Earnings Max Max $56300 $889.54 Bi-weekly Pay Date Beginning (Jun 30) 9-Jul-21 23-Jul-21 Name of 3rd employee Employee #3 Jeremy Karr Monthly Pay Date Beginning (Jun 30) 31-Jul-21 Gross Pay Gross Pay Federal Tax Provincial Tax Address of third employee 1 King Street, Ottawa ON K4C 1V0 Federal Tax Provincial Tax CPP CPP EI Net Pay Social Insurance Number 445 111 222 EI Net Pay Pensionable CPP Earnings Max Max $61600 $3,166.45 Insurable EI Earnings Max Max $56300 $889.54 $39,000.00 $2,030.08 $39,000.00 $616.20 $39,000.00 $2,030.08' $2,030.08 $39,000.00 $39,000.00 $616.20 $39,000.00 $2,030.08 $39,000.00 $616.20 Year-to-date amounts Pensionable CPP Insurable Earnings Max Earnings Max $61600 $3,166.45 Max $56300 $54,000.00 $2,847.63 $54,000.00 $54,000.00 $2,847.63 $54,000.00 EI Max $889.54 $853.20 $853.20

Answer rating: 100% (QA)

Employee Pay period type Gross pay CPP EI Federal tax Provincial tax Net pay Sakura Tanaka Semimonthly 390000 6162 2550 53838 33740 293610 Susan Campb... View the full answer