Calculate the following payroll and demonstrate steps to get to your calculations.  The following employees are paid b-weekly and are claim code 2.

Employee #1 ($15.00/hr) 

Mon, Tue and Wed - 7 am - 3 pm , 1 hour lunch un-paid

Thurs and Fri  --- 11 am - 7 pm , ½ lunch un-paid

Employee #2: ($15.00/hr)

Mon to Fri ---- 7 am -2 pm ½ hour lunch un-paid

Every second Saturday 8 am- 12 noon (no lunch)

Employee#3: ($15.00)hr

Mon, Tues --- 9 am - 5 pm 1 hour lunch un paid

Wed 8 am - 3 pm ½ hour lunch unpaid

Thur 7 am - 4 pm 1 hour lunch un-paid

Fri 10 am - 2 pm no lunch

 

 

Employee # 4

Makes $35,000 per year, works 40 hours a week

How much does he/she make per hour

Employee #5

Makes $38,000 per year works Mon - Fri 7.5 hours a day

How many hours per pay period does he/she work?

How much does he/she get paid per hour?

 

Employee	EI	CPP	Fed Tax	Prov Tax	Net
Employee 1
Employee 2
Employee 3
Employee 4
Employee 5
Totals

 

 

 

Calculate:

Part A: Employees Contribution

Part B: Employers contribution

Part C: Employers remittance

              

 

Employee 1 

                                                                                                Employee 4

                            CPP        ____________________                                          CPP_____________________

                             EI           ____________________                                          EI_______________________

                             Fed tax _____________________                                        Fed tax___________________

                             Provincial_____________________                                     Provincial _________________

 

Employee 2                                                                                Employee 5

                             CPP   _____________________                                            CPP____________________

                             EI      ______________________                                            EI ______________________

                             Fed tax  ____________________                                         Fed tax __________________

                             Provincial____________________                                       Prov tax __________________

 

1. Employee 3 

                             CPP  _____________________

                             EI________________________

                             Fed tax____________________

                             Provincial__________________

Answer rating: 100% (QA)

SOLUTION To calculate the payroll for each employee and determine the contributions and remittances we need to consider their work hours hourly rates ... View the full answer