Your department has hired two contract employees who are paid directly by your department. These employees...
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Your department has hired two contract employees who are paid directly by your department. These employees are paid biweekly (26 pay periods per year). Your job is to calculate their pay cheques based on the Alberta tax tables for the current year. Round all figures to the nearest cent (e.g., $1,499.8967 would be $1,499.90). Please consider the vacation pay as 4% for each employee and deduct it from gross pay to identify the net pay. The other deductions you will subtract from the gross pay to arrive at the final net pay are located in the appendices A, B,C, D respectively For ease of navigation, please right click on each appendix link below and open each link separately in a new window, so that you do not have to go back and forth from exam page, and also avoid technical issues as a result. Appendix A for CPP Appendix B for El Appendix C for Federal Tax Appendix D for Provincial Tax Employee 1: Employee Name Annual salary Claim code Biweekly gross pay Canada Pension Plan (CPP) Employment Insurance (El) Bob Smith $40,500.00 CC1 $ $ $ Biweekly gross pay Canada Pension Plan (CPP) Employment Insurance (EI) Federal tax Provincial tax Net pay $ $ $ $ $ $ Employee 2: Employee Name Annual salary Claim code Biweekly gross pay Canada Pension Plan (CPP) Employment Insurance (El) Kaisha Wain $51,050.00 CC2 $ $ $ Your department has hired two contract employees who are paid directly by your department. These employees are paid biweekly (26 pay periods per year). Your job is to calculate their pay cheques based on the Alberta tax tables for the current year. Round all figures to the nearest cent (e.g., $1,499.8967 would be $1,499.90). Please consider the vacation pay as 4% for each employee and deduct it from gross pay to identify the net pay. The other deductions you will subtract from the gross pay to arrive at the final net pay are located in the appendices A, B,C, D respectively For ease of navigation, please right click on each appendix link below and open each link separately in a new window, so that you do not have to go back and forth from exam page, and also avoid technical issues as a result. Appendix A for CPP Appendix B for El Appendix C for Federal Tax Appendix D for Provincial Tax Employee 1: Employee Name Annual salary Claim code Biweekly gross pay Canada Pension Plan (CPP) Employment Insurance (El) Bob Smith $40,500.00 CC1 $ $ $ Biweekly gross pay Canada Pension Plan (CPP) Employment Insurance (EI) Federal tax Provincial tax Net pay $ $ $ $ $ $ Employee 2: Employee Name Annual salary Claim code Biweekly gross pay Canada Pension Plan (CPP) Employment Insurance (El) Kaisha Wain $51,050.00 CC2 $ $ $
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Answer rating: 100% (QA)
minus Dzied moh ogpolos R Workers Paid Biweekly therefore the gross income will be IDO slos miels 6 ... View the full answer
Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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