Question
ABC Company showed the following information relating to employees salaries for the month. Gross Wages $4,600 Income Taxes $490 Canada Pension Plan Contributions $235 Employment
ABC Company showed the following information relating to employees salaries for the month. Gross Wages $4,600 Income Taxes $490 Canada Pension Plan Contributions $235 Employment Insurance Contributions $75 Note: The company matches 100% of CPP and 140% of EI. Do not enter dollar signs or commas in the input boxes. Required a) Calculate the companys total expense.
Gross Wages?
Canada Pension Plan - Company's Portion?
Employment Insurance - Company's Portion?
Total Expense?
b) Calculate the employees net pay? Use the negative sign for values that must be subtracted.
Gross Wages?
Income Taxes?
Canada Pension Plan?
Employment Insurance?
Net Pay?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Ibrahim M. Aly, Donald E. Kieso
6th Canadian Edition
1119731828, 9781119731825
