Question: please help me answer this question on my Payroll accounting assignment. thanks You have hired a new employee Bill Simpson as a junior accountant to

please help me answer this question on my Payroll accounting assignment. thanks

please help me answer this question on my Payroll
You have hired a new employee Bill Simpson as a junior accountant to work for your company Accounting Universe. The address of your company is Accounting Universe, PO BOX 1915 Calgary High Avenue AB - T4T Z41 Due to a tough economy, it was very difficult to hire talented staff. You, therefore, offered Bill a signing bonus of $1000 that will be handed to him in January's paycheque. Bill will be paid a salary of $60,000/year. He will be paid once a month at the end of each month. Bill is located at 789 Vista view heights, Calgary AB T4T562. His SIN Number is 123455778. Your payroll account number with CRA is 456897589RP0001 Required: Use the payroll calculator from CRA's website to calculate EI, CPP, and Income taxes to withhold from each pay cheque from Jan 2021 - to Dec 2021. Use claim code 1 for federal and provincial TD1 for calculating income taxes. Payroll calculator output for Jan 2021, Feb 2021, and Mar 2021

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