Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Robert works in BC, for ABC company 37.5hours a week and is paid biweekly pay cycle, his federal tax claim code is 2 and
- 1. Robert works in BC, for ABC company 37.5hours a week and is paid biweekly pay cycle, his federal tax claim code is 2 and provincial tax claim code is 2: (12 points)
- • A salary of $60,000 per year • Over-time paid at 1.5 times for any hours in excess of 37.5 per week • Vacation pay at 6% will be accrued and paid at a later date • The employer provides a car allowance of $300 per month • Employer pays his group term life insurance premium of $20 per pay • Robert’s supervisor has authorized 10 hours of overtime for this pay cycle.
- Gross Pay: ___________ Pensionable Earnings: ______________ Employee CPP deduction: ______________ Employer CPP contribution: ______________ Insurable Earnings: ______________ Employee EI premium: ______________ Employer EI premiums: ______________ Federal Tax: ______________ Provincial Tax ______________ Net Pay ______________ Total CRA Remittance ______________ Accrued Vacation Pay ______________
Step by Step Solution
★★★★★
3.46 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
1 Robert works in BC for ABC company 375hours a week and is paid biweekly pay c...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started