Question: 56-60) Using the following information, compute this week's take home pay and deductions for each employee. Use an Income Tax rate of 15% for Letitia
56-60) Using the following information, compute this week's take home pay and deductions for each employee. Use an Income Tax rate of 15% for Letitia and Paulo; an Income Tax rate of 22% for Steve and Catriona. Medical Premiums Employee Letitia Paulo Steve Catriona Earnings YTD 20,000 16,000 36,000 53,825 Earnings this Week 800 400 900 1,075 Gross Tax CPP EI Medical Net Pay Answer: Employee Letitia Paulo Steve Catriona 61) Why are more companies using software programs to complete their payroll? Answer: D Focus 56-60) Using the following information, compute this week's take home pay and deductions for each employee. Use an Income Tax rate of 15% for Letitia and Paulo; an Income Tax rate of 22% for Steve and Catriona. Medical Premiums Employee Letitia Paulo Steve Catriona Earnings YTD 20,000 16,000 36,000 53,825 Earnings this Week 800 400 900 1,075 Gross Tax CPP EI Medical Net Pay Answer: Employee Letitia Paulo Steve Catriona 61) Why are more companies using software programs to complete their payroll? Answer: D Focus
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