The book keeper for P into Co. of Peter borough gathered the following data from employee earnings
Question:
*Both of these employees exceed the EI maximum this pay period.
Assumptions
1. Income taxes, CPP, and EI are from tables at the end of this chapter.
2. Each employee contributes $12 per week for health insurance.
3. Overtime is paid at a rate of time-and-a-half over 40 hours per week or over 8 hours in any day.
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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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