Question
Bill Huot, an insurance salesman for Pelican Insurance, age 49 is paid semi-monthly. Bill has completed both his TD1 forms claiming the full spousal amount
Bill Huot, an insurance salesman for Pelican Insurance, age 49 is paid semi-monthly. Bill has completed both his TD1 forms claiming the full spousal amount on each, as his spouse has no income. Year-to date (at the end of pay period #20) Bill has contributed $2,076.06 into CPP and $836.91 into EI. Pelican Insurance has a sick leave plan and has been granted a reduced employer EI rate of 1.298.
PART A: On his 21st pay period of 2021 Bill received the following:
Salary | $500.00 |
Commission | $725.00 |
Weekend premium | $100.00 |
1. Calculate and record the Gross Earnings
2. Calculate and record the Federal Claim Code
3. Calculate and record the Manitoba Claim Code
4. Calculate and record the Employee's CPP deduction
5. Calculate and record the Employer's CPP deduction
6. Calculate and record the Employee's EI deduction
7. Calculate and record the Employer's EI deduction
8. Calculate and record the Federal Tax deduction
9. Calculate and record the Provincial Tax deduction
PART B: On his 22nd pay period of 2017 Bill received the following:
Salary$500.00Commission$750.00Expense Reimbursement$90.00
1. Calculate and record the Gross Earnings
2. Calculate and record the Federal Claim Code
3. Calculate and record the Manitoba Claim Code
4. Calculate and record the Employee's CPP deduction
5. Calculate and record the Employer's CPP deduction
6. Calculate and record the Employee's EI deduction
7. Calculate and record the Employer's EI deduction
8. Calculate and record the Federal Tax deduction
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