Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 8Commission Payments The Canadian Payroll Association - Payroll Fundamentals 18-6414.Gloria Margolis (Social Insurance Number 234-118-955) was hired by Martin Materials(CRA Payroll Program Account Number

Chapter 8Commission Payments The Canadian Payroll Association - Payroll Fundamentals 18-6414.Gloria Margolis (Social Insurance Number 234-118-955) was hired by Martin Materials(CRA Payroll Program Account Number 34567 8901 RP0001) in Ottawa, Ontario, as asalesperson on January 3 of the current year. Gloria was paid solely by commissions on amonthly basis and did not have an agreement that established insurable hours. Theminimum wage in effect at the time is $11.40. The organization terminated Gloria'semployment July 27, due to a shortage of work. Gloria's total commission earnings forher period of employment, Wednesday, January 3 to Friday, July 27, were $41,649.00.This amount included her final commission payment.On termination of employment the organization paid Gloria $1,400.00 pay in lieu ofnotice plus vacation pay of 4% of her vacationable earnings.Complete Gloria's paper Record of Employment.

Block 6WeeklyBlock 15A - Total Insurable HoursTotal weekly insurable hours are not established.=Total insurable earningsMinimum wage x Insurable weeks=$41,649.00$11.40 x 30= 121.78

The maximum of 35 insurable hours per week will be used to determine

the total

insurable hours for Block 15A of this employee's Record of Employment.= (35 hours x 29 weeks) + 21 hours for the first week= 1,036.00 hoursBlock 15B -

Total Insurable EarningsDivide the insurable earnings by the number of insurable weeks (30)= $41,649.0030= $1,388.30 (average weekly earnings)Multiply the average weekly earnings by 27= $1,388.30 x 27= $37,484.10

Add any insurable amounts reported in Block 17= $37,484.10 + 1,400.00 + 1,721.96= $40,606.06 (total insurable earnings

=$41,649.00$11.40 x 30= 121.78 how do you calculate this to get the answer

how do you calculate the vacation 1,721.96

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

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

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions