Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cappy Scanlon is a clerk in the shoe department of the Park Place store in Winnipeg. She earns a base monthly salary of $1,895 plus

image text in transcribed

Cappy Scanlon is a clerk in the shoe department of the Park Place store in Winnipeg. She earns a base monthly salary of $1,895 plus a 6 percent commission on her sales. Through payroll deductions month to a charitable organization and pays benefit premiums of $58.15. Compute Scanlon's gross pay and net pay for December, assuming her sales for the month are $44,000. The income tax rate the CPP contribution is 4.95 percent (account for the $3,500 basic annual exemption), and the El premium rate is 1.66 percent Scanlon has not yet reached the CPP or El maximum earning levels. Begin by calculating Scanlon's gross pay for December. Then, calculate Scanlon's net pay for December. (Round intermediary calculations and your final answers to the nearest cent.) Total gross pay Deductions Total deductions Net pay Cappy Scanlon is a clerk in the shoe department of the Park Place store in Winnipeg. She earns a base monthly salary of $1,895 plus a 6 percent commission on her sales. Through payroll deductions month to a charitable organization and pays benefit premiums of $58.15. Compute Scanlon's gross pay and net pay for December, assuming her sales for the month are $44,000. The income tax rate the CPP contribution is 4.95 percent (account for the $3,500 basic annual exemption), and the El premium rate is 1.66 percent Scanlon has not yet reached the CPP or El maximum earning levels. Begin by calculating Scanlon's gross pay for December. Then, calculate Scanlon's net pay for December. (Round intermediary calculations and your final answers to the nearest cent.) Total gross pay Deductions Total deductions Net pay

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

Analysing The Value Proposition Of The Audit Process In Africa The Case Of Malawi

Authors: Daniel Dunga

1st Edition

3659166286, 978-3659166280

More Books

Students also viewed these Accounting questions