Question
ABC Company showed the following information relating to employees' salaries for the month of October 2021. Gross Wages Income Taxes Canada Pension Plan Contributions
ABC Company showed the following information relating to employees' salaries for the month of October 2021. Gross Wages Income Taxes Canada Pension Plan Contributions Employment Insurance Contributions $4,580.00 $916.00 $234.00 $72.00 Note: The company matches 100% of employees' CPP and 140% of employees' El. Required a) Calculate the company's total expense. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Gross Wages $4580.00 Canada Pension Plan - company's share $234.00 Employment Insurance company's share $ Total Expense b) Calculate the employee's net pay. Use the negative sign for values that must be subtracted. Gross Pay Income Taxes Canada Pension Plan Employment Insurance S Net Pay S
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