A salesperson earns $98,150 per year and is paid bi-weekly. In addition, the employer pays for an

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A salesperson earns $98,150 per year and is paid bi-weekly.

In addition, the employer pays for an annual golf membership worth $2,470, in order that clients can be entertained and as a result, the employee frequently uses the golf club for personal enjoyment.

During the year, the employee received two commission payments;

$3,900 on the 13th pay period & $6,800 on the 21st pay period

Required:

Calculate Provincial & Federal tax on the two irregular commission payments using CC#4.

Ignore CPP, EI & Vacation Entitlements. Detail ALL calculations!

Bonus Tax: 13th Pay Period Bonus Tax: 21st Pay Period

Posted Date: Nov 30, 2021 01:52 PM

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A salesperson earns $98,150 per year and is paid bi-weekly. In addition, the employer pays for an

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3900 15 585 6800 15 1020 98150 3900 10205... View the full answer

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