Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.The following information as to earnings and deductions for the weekly pay period ended March 9,2021 was taken from a companys payroll records: 10 marks
1.The following information as to earnings and deductions for the weekly pay period ended March 9,2021 was taken from a companys payroll records: 10 marks
Employees Names | Weekly Gross Pay | Earnings to End of Previous week | Income Taxes | Health Insurance Deductions |
Hellen Craig | $ 720 | $ 12,510 | $106.20 | $ 24.00 |
Joseph Lim | 610 | 10,320 | 79.70 | 24.00 |
| $1,330 |
| $ 185.90 | $ 48.00 |
Calculate-a) Net pay for each employee
b) Employees EI and CPP withholdings ( show your work)
c) Employers contribution towards CPP and EI.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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