Question: Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay.

Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay. Assume the following amounts: Canada Pension Plan: $212.5 Employment Insurance: $87.5 Federal and Provincial Income Tax: $1,250 Health Insurance (employer contributes the same amount): $175 Union Dues: $200 Given the problem above, calculate the employer's contributions to employee benefits. $1,960 $1,925 $510 $475
Step by Step Solution
3.49 Rating (152 Votes )
There are 3 Steps involved in it
Contribution to Canada Pension Plan is shared equally between employee and employer ... View full answer
Get step-by-step solutions from verified subject matter experts
