The book keeper for P into Co. of Peter borough gathered the following data from employee earnings
Question:
Assumptions
1. Income tax (federal and provincial), CPP, and EI are from tables at the end of this chapter
2. Each employee contributes $20 per week for health insurance.
3. Overtime is paid at a rate of time-and-a-half over 40 hours per week, or 8 hours in any given day.
*Both of these employees exceeded the EI maximum last pay period.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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