Question
Azzurri Limited pays salaries on a weekly basis. The payroll for the week ended January 24, 2021, includes three employees as follows: Determine the appropriate
Azzurri Limited pays salaries on a weekly basis. The payroll for the week ended January 24, 2021, includes three employees as follows:
Determine the appropriate mandatory payroll deductions and net pay for each employee.
Use the appropriate tables to determine federal and provincial income taxes, CPP and EI deductions. (1 mark each for federal and provincial taxes; Compute the Net pay (1 mark each) (2 marks each for CPP and EI)
PAYROLL DEDUCTIONS:
| Claim Code | Gross | CPP | EI | Fed Tax | Prov Tax | Net Pay |
M.King | CC 04 | 750.00 | a | d | g | j | m |
F.Reid | CC 02 | 975.00 | b | e | h | k | n |
J.Kay | CC 01 | 1030.00 | c | f | i | l | o |
You are required to fill in the answer boxes with numbers that correspond to a,b,c,d,e,f (2 marks each) g,h,i,j,k,l,m,n and o (1 mark each) in the above table.
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