Question
Calculating CPP and EI Assignment (12 marks) Scenario One: Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below: Hourly Wage: $15
Calculating CPP and EI Assignment (12 marks)
Scenario One:
Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below:
Hourly Wage: $15
Paid Bi-weekly
Birthdate: November 2, 1987
No taxable benefits
YTD CPP: $200
YTD EI: $200
Schedule:
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
8
8
8
8
8
0
0
8
8
8
8
8
0
0
Enter Answers here (4 marks):
Gross Earnings
Gross Taxable Income
CPP Deduction
EI Deduction
Show your work (2 marks):
Scenario Two:
Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below:
Regular Hours: 75
Over Time Hours: 10
Hourly Rate: $20/hour
Taxable benefits $25.25
Paid Semi-monthly
Birthdate: December 1, 1944
YTD CPP: $0
YTD EI: $230
Enter Answers here (4 marks):
Gross Earnings
Gross Taxable Income
CPP Deduction
EI Deduction
Show your work (2 marks):
Scenario Three:
Calculate CPP, and EI given the information below:
Gross Earnings: $4000
Taxable benefits: $50
YTD CPP: $0
YTD EI: $0
Birthdate: January 18, 1947
CPT30 Not completed and not collecting CPP or disability pension
Paid bi-weekly
Enter Answers here (2 marks):
CPP Deduction
EI Deduction
Show your work (2 marks):
Scenario Four:
Calculate Gross Taxable Income, CPP, and EI given the information below:
Gross earnings: $2307
Paid Bi-weekly
Taxable benefits of $60 per pay period
Birthdate: June 2, 1998
YTD EI: $200.00
YTD CPP: $200.00
Enter Answers here (3 marks):
Gross Taxable Income
CPP Deduction
EI Deduction
Show your work (2 marks):
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
