Question: ABC Craft Co.has a bi-weekly payroll with an average monthly withholding amount for the second preceding calendar year exceeding$100,000.00. The payroll deductions are listed below,
ABC Craft Co.has a bi-weekly payroll with an average monthly withholding amount for the second preceding calendar year exceeding$100,000.00. The payroll deductions are listed below, and the employer does not have a reduced Employment Insurance rate.
October 15th, 2018
Employee Canada Pension Plan contributions -$25,890.00 Employee Employment Insurance premiums -$21,890.00 Employee Income Tax deductions -$54,550.00
October 29th, 2018
Employee Canada Pension Plan contributions -$26,310.00 Employee Employment Insurance premiums -$22,910.00 Employee Income Tax deductions -$50,150.00
- Calculate the total amount to be remitted to the Canada Revenue Agency for the October 15th pay date. When would the October 15th CRA remittance be due?
- Calculate the total amount to be remitted to the Canada Revenue Agency for the October 29th pay date. When would the October 29th CRA remittance be due?
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