Assignment 2: Payroll Sections Week 1 Week 2 Remittance TOTAL Name: Instructor: Due Date: Marks Your score 52 52 14 118 The Small Company Next door As a book keeper for the "Small company next door LTD" your duties include doing the monthly payroll. The "Small company next door Ltd" employees 4 people. 4 of the employees are paid hourly and paid weekly. The 4 employees are paid the following hourly wage, which is based on length of service wage S. Ryan N. Lawless S. Evans A. Raj Name $ 15.00 per hour $ 13.50 per hour $ 12.00 per hour $ 10.25 per hour Overtime is time and a half and starts after the 44 hours worked in a regular week The company has 4 pay periods a month. The company calculates what is owing to employees on the Friday of each week and then deposits the money into the employees accounts via direct debit on the following Monday. The company remits El and CPP collected on the 20th day of the month. Year CPP is calcuated at El is calcuated at 5.25% with a annual excemption of 1.58% $ 3,500.00 2020 2020 Or you may use the Tables in AME The employer is required to contribute a) 100% of the CPP premium b) 140% of the El premuim