Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Gaughan's records the following information for its sole employee, Caden Gaughan. Income Tax Payable Canada Pension Plan Payable Hours Pay Rate 35 $ 17.27 Gross
Gaughan's records the following information for its sole employee, Caden Gaughan. Income Tax Payable Canada Pension Plan Payable Hours Pay Rate 35 $ 17.27 Gross Pay $ 89.07 $ 29.27 $ Total Employment Insurance Payable Deductions 9.55 K Net Pay a. What is the net pay for this employee? (Round your answer to the nearest cent.) b. What is the employer's share of Canada Pension Plan and Employment Insurance cost? (Round your answer to the nearest cent.) c. How much would Gaughan's owe to the CRA for this pay period? (Round your answer to the nearest cent.) d. What is the total payroll cost for the period? (Round your answer to the nearest cent.)
no explanation req
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started