Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carol is a salesperson paid solely by commission and is paid monthly. In September, Carol earned a total of $7,500.00 in commissions and received a

Carol is a salesperson paid solely by commission and is paid monthly. In September, Carol earned a total of $7,500.00 in commissions and received a mid-month advance of $2,000.00. What amount would be used at the end of September to calculate statutory deductions?

Jacob, an employee in Ontario paid solely by commission, is paid semi-monthly. This pay period he will be paid $3,500.00 in commission payments. Calculate his Employment Insurance premium for this pay period.

When completing Block 6 on the Record of Employment for employees who are paid solely by commission or are paid salary plus irregularly paid commission, the pay period type is always reported as:

weekly

semi-monthly

bi-weekly

monthly

The Qubec provincial form completed for employees employed in Qubec who incur personal expenses that are not reimbursed while earning commissions is a:

Responses

T777

TP-1015.R.13.1-V

TD1X

TD1


Sylvan, an employee in Qubec paid solely by commission, is paid bi-weekly. This pay period she will be paid $2,200.00 in commission payments. Calculate her Employment Insurance premium for this pay period.


Carol is a salesperson paid solely by commission and is paid monthly. In September, Carol earned a total of $7,500.00 in commissions and received a mid-month advance of $2,000.00. What amount would be used at the end of September to calculate statutory deductions?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate Raymonds intrinsic value of Great Gadgets stock we can use his weighted average model which is 25 dividend discount model 40 PE multiple ... 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

Step: 3

blur-text-image

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

Intermediate accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson

7th edition

978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094

More Books

Students also viewed these Finance questions

Question

Describe Montaignes position on child rearing.

Answered: 1 week ago