Question: Explain why it is important that employees receive their net pay on the due date every pay cycle. Sandy Aquarium Inc. has 8 employees
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.)
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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 full answer
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