Maidstone Plumbing Services? two employees are paid biweekly. Assuming a tax rate of 30%, complete the payroll
Question:
Maidstone Plumbing Services? two employees are paid biweekly. Assuming a tax rate of 30%, complete the payroll register above for the two-week period ended February 24, 2018.
Transcribed Image Text:
Deductions Pay Distribution Office Salaries EI Total Deductions Sales Salarles Gross Income Taxes Net Pay CPP Premium Employee Withers, S. Volt, C. Pay 2,500.00 1,800.00 2,500.00 1,800.00 Totals
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Deductions Paymet Distribution Gross Pay EI Premium Income Taxes CPP Total Deductions ...View the full answer
Answered By
Bhargav K
I am completed diploma IT and now running also BTech and as a subject experts i have experience in 2 years in Chegg and also now started course hero and helloExpert
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
Students also viewed these Business questions
-
Maidstone Plumbing Services two employees are paid biweekly. Assuming a tax rate of 30%, complete the payroll register above for the two-week period ended February 24, 2015. Distribution Deductions...
-
Assuming a tax rate of 25%, complete the payroll register below: Rate Minimum Maximum CPP 5.25% $3,500 $58,700 EI 1.58% $0 $54,200 Employee Gross Pay CPP EI Premium Income Tax Medical Ins. United Way...
-
Assuming a tax rate of 30%, the after-tax cost of a $194,000 dividend payment is
-
1. Consider the linear system Ax = b (all integer values) with the notation shown below, 1 -3 -1 -2 - H 5 7 - 2261x11 X2 -4 3 9 16x3 615 LX4- = A X b The element a24 = a has been lost. Assume,...
-
Find the equation of the perpendicular bisector of the segment joining (1, 2) and (5, 4) (Figure 11). Hint: The midpoint Q of the segment joining (a, b) and (c, d) is (42 atcb+d y Perpendicular...
-
If the price level recently fell by 5% in Canada while increasing by 20% in Europe, how much must the exchange rate change if PPP holds? Assume that the current exchange rate is 0.60 euros per...
-
Reconsider the data from Problem 4. Management has expressed some concern over the life of the project and the impact of possible early termination. As a result, you have developed additional data...
-
Alternative allocation bases for a professional services firm. The Walliston Group (WG) provides tax advice to multinational firms. WG charges clients for (a) Direct professional time (at an hourly...
-
A firm selling a normal good has a price elasticity of demand coefficient of 3.0 and an income elasticity of demand coefficient of 2.2. Assume that economists forecast a recession within the next...
-
Over a long period of time would you expect the risk-adjusted performance of conglomerate firms to be significantly different from the risk-adjusted performance of a broad market index? Explain.
-
StickUps Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occurred during the month of...
-
Meadow Lake Groceries has two employees who are paid monthly. Using the monthly payroll deduction tables link at the end of the appendix, complete the payroll register above for the month ended March...
-
Robert Lento, the sole proprietor of a consulting business, has gross receipts of $600,000 in 2018. Expenses paid by his business are Advertising...
-
Discovery DAC is an Irish owned company specialising in distribution services. It is concerned at the pace of changing legislation and the requirement to invest significant amounts on its equipment...
-
Mr. Trail engaged in a current year transaction generating 50K cash but only 40K taxable income. If marginal tax rate is 40% compute his after tax cash flow from the transaction?
-
+3.60 nC of charge is uniformly distributed along the top half of a thin rod of total length L = 4.30 cm, while -3.60 nC of charge is uniformly distributed along the bottom half of the rod, as shown...
-
2. The following table shows the 90 Day Bank Bill trades for a person in the Capital Markets. Bank Bills Date 02-Sep-13 05-Sep-13 09-Sep-13 10-Sep-13 12-Sep-13 Current Position as at: 13-Sep-13 (a)...
-
If a project has a budgeted cost of $60,000, actual cost of $64,000, and an earned value of work preformed of $50,000, CPI of 0.78 and Total budgeted cost of $95,000 calculate the FCAC assuming that...
-
Lannan Corp. had the following debt instrument transactions during the year ended December 31, 2014. The debt instruments were purchased to earn interest. Feb. 1 Purchased six-month term deposit for...
-
Provide an example of an aggressive accounting practice. Why is this practice aggressive?
-
(a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems?
-
What type of industry is likely to use a job order cost system? Give some examples.
-
What type of industry is likely to use a job order cost system? Give some examples.
-
Wanda is reviewing her tax returns from the previous year and is shocked at how much tax she paid the government. She had good income but had to pay a large number of self-employment taxes on top of...
-
Katies Cleaning Service has cleaning contracts for 15 apartments, 45 family homes, and 25 office buildings. She estimates that an apartment takes 4 hours to clean, a home takes 6 hours to clean, and...
-
1. Quikpak sells returnable containers to major food processors. The price received for the containers is 2 per unit. Of this amount 1.25 is profit contribution. Quikpak is considering an attempt to...
Study smarter with the SolutionInn App