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Background You are the HR Manager of a home improvement and repairs company in Waterloo ( Ontario ) region, Handy Howie's ( HH ) .

Background
You are the HR Manager of a home improvement and repairs company in Waterloo (Ontario) region, Handy Howie's (HH). Recently HH completed a hiring campaign and created a new department, 'Special Projects' The headcount of this department is five. It is led by the Director, Special Projects, and includes three analysts and an administrative assistant. Compensation details of all employees in this department areas follows:
Shahid Singh, Director:
Base Salary: $172,000
CPP annual maximum pensionable earnings reached on May 31
El annual maximum pensionable earnings reached on May 31
Mariya Lopez, Analyst:
Base Salary: $80,000
CPP and EI annual maximum pensionable earnings not yet reached.
Gracyn Stiller, Analyst:
Base Salary: $83,000
CPP and EI annual maximum pensionable earnings not yet reached.
Jun Wang, Analyst:
Base Salary: $86,000
CPP annual maximum pensionable earnings reached on August 31
Jerry Hopper, Administrative Assistant:
Base Salary: $52,000
CPP and EI annual maximum pensionable earnings not yet reached.
Employees are paid on the 16 th and the last day of the month (28,29,30,31) as the case may be. This pay is calculated based on the most recent semi-monthly period. E.g., for the semi-monthly period of September 1-15, employees will be paid on September 16.
Payroll trial calculations: (80 marks)
Today is September 13. You will be running the first payroll for this department in two days. Prior that, you would like to perform certain payroll and fringe benefit related calculations to use for cr checking when the main payroll is run.
Towards that end, perform the following calculations:
Required:
All the calculations below pertain to the pay period of September 1-15. Round all calculations tc nearest dollar. Show all your calculations and do not compare with online calculators. You will partial marks to the extent they have been calculated correctly.
One: (25 marks)
Calculate gross pay, Federal Taxes and Provincial (Ontario) taxes that would be deducted from the pay of each employee for the semi-monthly period of September 1-15. Use information provide Appendix one.
Two: (35 marks)
Calculate the amount of CPP and EI that would be deducted from the gross pay of each employee the bi-monthly period of September 1-15. Use information provided in Appendix two and three.
Calculate the employers' contribution of CPP and EI which STI has to pay for each employee. Use information provided in Appendix two and three.
Three: (10 marks)
Based on your calculations in required one and two above, calculate the net pay for each employe
Two: (35 marks)
Calculate the amount of CPP and EI that would be deducted from the gross pay of each employee for the bi-monthly period of September 1-15. Use information provided in Appendix two and three.
Calculate the employers' contribution of CPP and EI which STI has to pay for each employee. Use information provided in Appendix two and three.
Three: (10 marks)
Based on your calculations in required one and two above, calculate the net pay for each employee for the pay period September 1-15. Use information provided in Appendix three.
Four: (10 marks)
Calculate the total payroll cost for the Corporate Services department for the pay period: September 115. Use relevant data from calculations performed earlier in required one - three.
Five: (20 marks)
In Appendix four you are provided with a list of ten fringe benefit items. If you were an employee in this company which five fringe benefits would be most important for you? Select them and calculate their cost for this pay period. The expenses will be paid for by the company. Alongside each benefit selected, indicate the reason as to why the choice was made.
Deliverables:
You will complete your work on the Excel template and upload the same to eConestoga.
APPENDIX ONE
Federal Income Tax rates:
\table[[Tax Rate,Taxable Annual Income],[15%,$49,020, and],[20.5%,$49,021 up to $98,040, and],[26%,$98,041 up to $151,978 and],[29%,$151,979 up to $216,511 and],[33%,$216,512 and up]]
\table[[Ontario Tax rates:],[Tax Rate,Taxable Annual Income],[5.05%,First $45,142 and],[9.15%,$45,143 up to $90,287 and],[11.16%
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