Josiah (he/him) is a supervisor at McDonalds, and he makes $38,000 gross annually. He is paid...
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Josiah (he/him) is a supervisor at McDonalds, and he makes $38,000 gross annually. He is paid monthly. He also receives 4% vacation pay per paycheque. His essential monthly expenses are as follows: Item Rent Food Utilities Internet Transportation Child care Show your work for the following calculations: • Vacation pay • CCP and El deductions • Taxable income • Federal and provincial tax • Annual net income ● ● ● Monthly net income Monthly expenses Disposable income Cost ($) $800 $200 $200 $80 $300 $600 Josiah (he/him) is a supervisor at McDonalds, and he makes $38,000 gross annually. He is paid monthly. He also receives 4% vacation pay per paycheque. His essential monthly expenses are as follows: Item Rent Food Utilities Internet Transportation Child care Show your work for the following calculations: • Vacation pay • CCP and El deductions • Taxable income • Federal and provincial tax • Annual net income ● ● ● Monthly net income Monthly expenses Disposable income Cost ($) $800 $200 $200 $80 $300 $600
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Answer rating: 100% (QA)
To calculate the various values well follow these steps 1 Vacation Pay Josiah receives 4 vacation pay per paycheque Since he is paid monthly we can ca... View the full answer
Related Book For
Payroll Accounting 2019
ISBN: 978-1259917073
5th edition
Authors: Jeanette Landin, Paulette Schirmer
Posted Date:
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