Question: Jonathans pay rate is $24 per hour, and he worked 45 hours last week. CPP contributions are deducted at a rate of 4.95%, and EI

Jonathan’s pay rate is $24 per hour, and he worked 45 hours last week. CPP contributions are deducted at a rate of 4.95%, and EI contributions are deducted at a rate of 1.83%. Overtime premiums are paid at 50% of the regular rate for hours worked in excess of 40.
a. Calculate Jonathan’s gross pay.
b. Calculate Jonathan’s CPP and EI contributions.

Step by Step Solution

★★★★★

3.37 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Earnings at regular rate 40 hrs x 24 96000 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

529-B-A-L (5981).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Lisa Meilo works for Pacific Company, which pays its employees time- and- a- half for all hours worked in excess of 40 per week. Meilos pay rate is $ 37 per hour. Her wages are subject to federal...

Mary Sue Guild works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week. Guild's pay rate is $10.00 per hour. Her wages are subject to...

Tom Hallinan works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $12.00 per hour. His wages are subject to...

FINALS QUIZ 1 1. Rino is a substitute teacher. On the days he works, he is paid P4,500 a day. What is Rino's pay for 4 days of work? 2. Ria earns P23,000 each pay period. She is paid on the fifteenth...

Question The net pay is computed as follows: Select one: a. Gross pay -... The net pay is computed as follows: Select one: a. Gross pay - Payroll deductions = Net payb. Gross pay + Payroll deductions...

The net pay is computed as follows: Select one: a. Gross pay Payroll deductions = Net payb. Gross pay + Payroll deductions = Net payc. Payroll deductions Gross pay = Net payd. Gross pay Payroll...

Player Flooring, located in Pointe Claire, Qu bec , has a weekly pay period. France LaVergne works in the shipping / receiving department, earns $ 1 8 . 5 0 per hour and works 4 0 regular hours per...

solve the problems from 1 to 36 please I NEED ANSWERS FOR THE PROBLEMS ON THESE PAGES PLEASE Wage Earnings and 0ther Income LEARNING OBJECTIVE Wage Earnings Perform calculations necessary for...

I am not sure how to even begin on page 2, calculating social security and medicare taxes.... HELP!! EXERCISE 8-1A COMPUTING NET PAY Mary Sue Guild works for a company that pays its employees 1 times...

I got the first page done, just need help on the rest. EXERCISE 8-1A COMPUTING NET PAY Mary Sue Guild works for a company that pays its employees 1 times the regular rate for all hours worked in...

Suppose that one investment has a mean return of 8% and a standard deviation of return of 14%. Another investment has a mean return of 12% and a standard deviation of return of 20%. The correlation...

AIM: Write a program to find area of triangle.(a=h*b*.5). a = area h = height b = base.

Inis assignment uses autograding. We rely on the random number generator generating the same random sequence. Same as in Assignment 2 . This time, we will be using the random.choices ( ) function as...

Bob works for Eagle Manufacturing Company under a contract in which he agrees not to disclose any process he uses while in Eagles employ. When Bob goes into business for himself, he copies some of...

( GAAP Terminology) Wayne Rogers, an administrator at a major university, recently said, Ive got some CDs in my IRA, which I set up to beat the IRS. As elsewhere, in the world of accounting and...

(Accounting Organizations and Documents Issued) Presented below are a number of accounting organizations and types of documents they have issued. Match the appropriate document to the organization...

In a typical month, the Montrose Corporation receives 8 0 checks totaling $ 1 3 1 , 0 0 0 . These are delayed four days on average. What is the average daily float? Assume 3 0 days in a month. ( Do...

You are thinking of building a new bakery to bake moon cakes. New bakery will be built over two years. Today is 12/31/2014. The bakery will be ready to start production on 01/01/2017 and the first...

a. Compute the correlation of monthly returns between Stantec and Canadian Tire. b. Compute the annual standard deviation of Stantec and Canadian Tire. c. Compute the annual variance and standard...