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accounts in details Maritime Industries is a fabrication business located in Toronto, Ontario The following payroll information for the week ended August 21, 2020, All
accounts in details
Maritime Industries is a fabrication business located in Toronto, Ontario The following payroll information for the week ended August 21, 2020, All employees donate $20 to the United Way and contributes $100 to RRSP weekly. All employees are paid weekly taxable telephone allowance $70 and nontaxable lunch allowance $ 100. The employees'annual standard carings are given below Gamett Kelly Molloy Whiting. Tommy $1.20,000 $90,000 75,000 $50,000 $45,000 Complete the payroll register showing Gross Pay, Net pay. Total payroll liability if they are paid 1. Weeldy 2 Blweekly 3 Semi Monthly 4. Monthly Note:Use the payroll tables for all your calculations. (you need to prepare all four tables for all 4 periods) Hint: 1. gross earnings - total deductions - net pay. 2. Total deductions - statutory deductions voluntary deductions 3. CPP is calculated on contributory earnings 4. El is calculated an insurable earnings 5. Income tax is calculated on taxable earningsStep by Step Solution
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