For each question, enter your answer in the highlighted cells in the tables provided. If the...
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For each question, enter your answer in the highlighted cells in the tables provided. If the answer is zero, enter 0. Question 1 (15 points) 1. Jeremy was recently hired as a cook at a restaurant in Manitoba making $13.00. He is 17 years old, and attends university part time. His annual tuition comes to $2,500 per year, and he will attend for 8 months this year. He takes all available personal tax credits on his provincial and federal TD1 forms. Vacation pay in included on each cheque, and this is his first payday. He receives no taxable benefits, does not belong to a union, and does not have any deductions other than those required by law. He is paid bi-weekly. His next pay will be on February 28, and he has worked 72 hours with no overtime or shift premiums. Calculate his gross pay. Using the PDOC, calculate his EI, CPP, income taxes and net pay. Federal TD1 amount Provincial TD1 amount YTD Pensionable and insurable earnings YTD CPP contributions YTD El contributions Other deductions Taxable benefits Gross Pay Vacation Pay CPP premiums El premiums Income tax Net pay Total to remit 0.00 0.00 0.00 Employee Employer For each question, enter your answer in the highlighted cells in the tables provided. If the answer is zero, enter 0. Question 1 (15 points) 1. Jeremy was recently hired as a cook at a restaurant in Manitoba making $13.00. He is 17 years old, and attends university part time. His annual tuition comes to $2,500 per year, and he will attend for 8 months this year. He takes all available personal tax credits on his provincial and federal TD1 forms. Vacation pay in included on each cheque, and this is his first payday. He receives no taxable benefits, does not belong to a union, and does not have any deductions other than those required by law. He is paid bi-weekly. His next pay will be on February 28, and he has worked 72 hours with no overtime or shift premiums. Calculate his gross pay. Using the PDOC, calculate his EI, CPP, income taxes and net pay. Federal TD1 amount Provincial TD1 amount YTD Pensionable and insurable earnings YTD CPP contributions YTD El contributions Other deductions Taxable benefits Gross Pay Vacation Pay CPP premiums El premiums Income tax Net pay Total to remit 0.00 0.00 0.00 Employee Employer
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Federal TD1 amount 11809 Provincial TD1 amount 9354 YTD Pensionable and insurable earnings 1080 YTD ... View the full answer
Related Book For
Operations Management Processes and Supply Chains
ISBN: 978-0134741062
12th edition
Authors: Lee J. Krajewski , Manoj K. Malhotra, Larry P. Ritzman
Posted Date:
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