Question: 19. Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay.
19. Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay. Assume the following amounts:
Canada Pension Plan $212.5
Employment Insurance $87.5
Federal and Provincial Income Tax: $1,250
Health Insurance (employer contributes the same amount): $175
Union Dues: $200
Calculate the net pay to be paid to the employees.
Question 19 options:
- $3,250
- $3,040
- $3,275
- $3,075
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
