Question
8.The payroll register for Parker Flooring shows the following employee withholdings for the month of February . The company has a reduced Employment Insurance premium
8.The payroll register for Parker Flooring shows the following employee withholdings for the month of February. The company has a reduced Employment Insurance premium rate of 1.257. The employer is an accelerated threshold 2 remitter.
i)Calculate the remittance total for each pay period and the total amount remitted for the month.
ii)The pay date for pay period 3 is February 2; the pay date for pay period 4 is February 16. Using the current year calendar, when are these remittances due to the Canada Revenue Agency?
Remittance due date for pay period 3:February 12
Remittance due date for pay period 4:
February 26
PAY
PERIOD
EMPLOYEE
CPP
EMPLOYER
CPP
EMPLOYEE
EI
EMPLOYER
EI
FEDERAL
TAX
PROVINCIAL
TAX
(NONQUBEC)
TOTAL
3
15,000.00
18,000.00
95,000.00
45,000.00
4
22,000.00
21,000.00
102,000.00
53,000.00
Total
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