Question
15-Fleetway Transport is an Accelerated threshold 1 remitter. The statutory deductions withheld from the three bi-weekly payrolls in August are as follows: On the August
15-Fleetway Transport is an Accelerated threshold 1 remitter. The statutory deductions withheld from the three bi-weekly payrolls in August
are as follows:
On the August 3 pay:
the employees' Canada Pension Plan contributions were $3,658.20,
their Employment Insurance premiums were $1,295.40,
their federal income tax withholding was $13,157.33 and
their provincial income tax (non-Qubec) withholding was $6,054.65.
On the August 17 pay:
the employe(' Canada Pension Plan contributions were $4,558.20,
their Employment Insurance premiums were $2,275.40,
their federal income tax withholding was $14,157.33 and
their provincial income tax (non-Qubec) withholding was $7,854.65
On the August 31 pay:
the employees' Canada Pension Plan contributions were $3,558.20,
their Employment Insurance premiums were $1,275.40,
their federal income tax withholding was $12,157.33 and
their provincial income tax (non-Qubec) withholding was $6,854.65.
The employer has a reduced Employment Insurance premium rate of 1.257.
The remittance schedule for the Canada Revenue Agency for Accelerated threshold 1 remitter is as follows:
for pay date 1st to 15th of the month - due on the 25th of the same month
for pay date f6th to end of the month - due on the 10th of the following month
Calculate the total amount to be remitted to the Canada Revenue Agency on September 10.
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