Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

17. Candy and Pop Shop located in Alberta has an average monthly remittance of $50,000. The company has a biweekly pay cycle. Calculate the total

17. Candy and Pop Shop located in Alberta has an average monthly remittance of $50,000. The company has a biweekly pay cycle. Calculate the total remittance, including the employers share of the CPP and EI indicating the date the remittances are due for the following pay dates. (show all calculations for full marks)

Pay date

Employee CPP

Employee EI

Employee Tax

May 8, 2020

7480.00

6655.13

17,256.35

May 22, 2020

7035.00

6512.25

17,102.40

Pay date

Employer CPP

Remittance date

May 8

May 25th

Pay date

Remittance date

May 22

June 10th

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Describe your ideal working day.

Answered: 1 week ago