Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 earnings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

E Commerce Operational Aspects Accounting Auditing And Taxation Issues

Authors: Lata Sharma

1st Edition

8177084097, 978-8177084092

More Books

Students also viewed these Accounting questions

Question

* What is the importance of soil testing in civil engineering?

Answered: 1 week ago

Question

Explain the concept of shear force and bending moment in beams.

Answered: 1 week ago