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Greg Towle is paid $880 for a 40-hour workweek and time and a half for hours worked above 40. Towle's employer, Jones Ski Corp.,
Greg Towle is paid $880 for a 40-hour workweek and time and a half for hours worked above 40. Towle's employer, Jones Ski Corp., pays all the standard payroll expenses plus benefits for the employee pensions (8 percent of gross pay), BC health insurance ($16 per employee per week), and disability insurance ($2 per employee per week). Assume February has four pay periods. Compute Jones Ski Corp's total expense of employing Greg Towle for the 55 hours that he worked during the first week of February. Use a 5.45% CPP rate and 1.58% El rate. Show amounts to the nearest cent. Complete the following table to compute Jones Ski Corp.'s total expense of employing Greg Towle (Abbreviations used: CPP = Canada Pension Plan; El-Employment Insurance. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest cent.) Total gross pay for the employee Employer payroll expenses: Bonafit costs Total employer payroll expenses and benefit costs Total expense of employer
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