Question
1. An employee working in Ontario, being paid a Weekly Gross Salary of $1,500 has the following statutory deductions: CPP of 81.66, EI of 23.70,
1. An employee working in Ontario, being paid a Weekly Gross Salary of $1,500 has the following statutory deductions: CPP of 81.66, EI of 23.70, Combined Federal and Provincial Income Tax of 296.40
The employee has received a family support Garnishment order equal to $4,500.
What is the maximum amount that be deducted on this pay cycle under the family support Garnishment order?
2. Your employee is 30 years old and earned $4,200 of pensionable earnings this pay cycle. The cumulative gross earnings year-to-date is $65,000. Calculate his Canada Pension Plan Deduction.
Step by Step Solution
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Step: 1
Given that the weekly gross salary of the employee is 1500 and the statutory deductions are CPP 8166 EI 2370 Combined Federal and Provincial Income Ta...
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
