Explain why it is important that employees receive their net pay on the due date every...

 

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Explain why it is important that employees receive their net pay on the due date every pay cycle. Sandy Aquarium Inc. has 8 employees and processes payroll bi-weekly. A summary of their payroll information is as follows: Total gross taxable earnings Total CPP, El & Income tax 2019 $275,000 89,000 March 26, 2021 2020 $285,000 92,000 2021 (Estimated) $290,000 100,000 Determine Sandy Aquarium Inc.'s remitter type and due dates for the following selected pay dates: April 2, 2021 May 28, 2021 (Hint: Research remitter types and due dates on the Canada Revenue Agency website.) Explain why it is important that employees receive their net pay on the due date every pay cycle. Sandy Aquarium Inc. has 8 employees and processes payroll bi-weekly. A summary of their payroll information is as follows: Total gross taxable earnings Total CPP, El & Income tax 2019 $275,000 89,000 March 26, 2021 2020 $285,000 92,000 2021 (Estimated) $290,000 100,000 Determine Sandy Aquarium Inc.'s remitter type and due dates for the following selected pay dates: April 2, 2021 May 28, 2021 (Hint: Research remitter types and due dates on the Canada Revenue Agency website.)

Answer rating: 100% (QA)

Ensuring that employees receive their net pay on the due date every pay cycle is important for several reasons Financial Stability Employees rely on t... View the full answer