Question: 3) Net Pay Calculations Franklin Stores, located in Alberta, has both salaried and hourly paid employees, who are paid on bi-weekly basis. Linda Michaud earns

3) Net Pay Calculations

Franklin Stores, located in Alberta, has both salaried and hourly paid employees, who are paid on bi-weekly basis. Linda Michaud earns $18.00 per hour and works 80 hours per pay period. Linda's claim codes on her federal and Alberta TD1 are 2. Calculate Linda's net pay. (Take CPP (2020)- 5.25%; EI (2020)- 1.58% and go to CRA website and take 2020 deduction table for Alberta ( for federal & Provincial tax). Don't forget! It is code 2 for both Federal & Provincial tax.

payroll compliance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Consider the following batch-flow process consisting of three process steps performed by three machines: Work is processed in batches at each step. Before a batch is processed at a step, the machine...

Franklin Stores, located in Alberta, has both salaried and hourly paid employees, who are paid on a bi - weekly basis. Linda Michaud earns $ 1 8 . 0 0 per hour and works 8 0 hours per pay. Linda s...

1 . List three tax deductible amounts that are deducted from gross pensionable / taxable income before income taxes are applied to an employee s remuneration. 2 . Doris MacNeil works for Modern...

For the following Alberta employees, fill in the chart provided in the Course Readings with the employee's gross pensionable/taxable income, net taxable income, Canada Pension Plan (CPP)...

payroll and govermnet rep Franklin Stores, located in Alberta, has salaried and hourly paid employees, who are paid bi-weekly. Linda Michaud earns $18.00 per hour and works 80 hours per pay. Linda's...

Franklin Stores, located in Alberta, has salaried and hourly paid employees, who are paid bi-weekly. Linda Michaud earns $18.00 per hour and works 80 hours per pay. Lindas claim codes on her federal...

A clothing manufacturer, located in Qu bec , has both salaried and hourly paid employees, who are paid on a weekly basis. Lise Michaud earns $ 2 5 . 0 0 per hour and works 4 0 hours per pay. Lise s...

payroll compliance check 2020 Alberta provincial and federal tax deductible table with calim code 2 3) Net Pay Calculations (6 points) Franklin Stores, located in Alberta, has both salaried and...

Doreen Trading Co . , located in Ontario, has both salaried and hourly paid employees, who are paid on a semi - monthly basis. 2 Tony Samuel earns $ 2 5 . 0 0 per hour and works 8 0 hours per pay...

Based on population figures and other general information on the U.S. population, suppose it has been estimated that, on average, a family of four in the United States spends about $1,135 annually on...

What is the territorial model of international taxation? Under this model, what rate of tax does a native corporation pay on its foreign income?

Brief Exercise 3 - 5 ( Static ) Effect of inventory shrinkage on the horizontal statements model LO 3 - 5 Bridgeport Electronics experienced the following events during Year 1 , its first year of...

Which project management tool uses the analogy "skateboard - bicycle - motorcycle - car"? Group of answer choices Scrum Waterfall Fate - Gate Star - gate

Discuss the basic facts about OSHAits purpose, standards, inspections, and rights and responsibilities.

What do you think of the safety program? What else would you suggest, and why?

List six more unsafe incidents you believe might occur in a bakery, and a safe manner for doing each.