Question: answer b and c would be appericated thank you. Student Name: NOTE: Ensure you submit ALL applicable forms. This OPEN BOOK assessment is worth 5%
answer b and c would be appericated thank you.
Student Name: NOTE: Ensure you submit ALL applicable forms. This OPEN BOOK assessment is worth 5% of your course grade! b) Calculate the statutory deductions that Stewart's employer would withhold from his pay at source, based on a weekly pay cycle. INSTRUCTIONS; Take into consideration that each pay, his employer also provided a non- cash taxable benefit valued at $95 and deducted $40 for union dues. A maximum of 45 minutes is available to complete the case; i) Income Tax = $ ii) CPP = $ Stewart Franklin, age 66, earned $38,500 from his part-time job at Canadian United. In addition, he received $24,100 during the year from CPP & OAS. iii) EI = $ His wife Marina, age 58 is retired and earned $11,770 from private pension income. In addition, she has been taking part-time courses at a local college and tuition fees of $1,425 were paid. NOTE: Ensure you demonstrate ALL calculations. His daughter Tyla, age 32 lives with them due to an infirmity and qualifies for a T2201 Disability Certificate. She works at the local market and earned $19,600 during the year. c) Determine the employers total PD7A remittance liability to the CRA for this employee, based on the information calculated in b) above. Student Name: NOTE: Ensure you submit ALL applicable forms. This OPEN BOOK assessment is worth 5% of your course grade! b) Calculate the statutory deductions that Stewart's employer would withhold from his pay at source, based on a weekly pay cycle. INSTRUCTIONS; Take into consideration that each pay, his employer also provided a non- cash taxable benefit valued at $95 and deducted $40 for union dues. A maximum of 45 minutes is available to complete the case; i) Income Tax = $ ii) CPP = $ Stewart Franklin, age 66, earned $38,500 from his part-time job at Canadian United. In addition, he received $24,100 during the year from CPP & OAS. iii) EI = $ His wife Marina, age 58 is retired and earned $11,770 from private pension income. In addition, she has been taking part-time courses at a local college and tuition fees of $1,425 were paid. NOTE: Ensure you demonstrate ALL calculations. His daughter Tyla, age 32 lives with them due to an infirmity and qualifies for a T2201 Disability Certificate. She works at the local market and earned $19,600 during the year. c) Determine the employers total PD7A remittance liability to the CRA for this employee, based on the information calculated in b) above
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