Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, Everything with a RED X is wrong, could you help me? O'Riley Company's payroll costs and fringe benefit expenses include the normal CPP and

image text in transcribedHello,

Everything with a RED X is wrong, could you help me?

O'Riley Company's payroll costs and fringe benefit expenses include the normal CPP and El contributions, retirement fund contributions of 10% of total earnings, and health insurance premiums of $124 per employee per month. Doherty Fane Kahan Martin Leung Total 52,400 54,500 59,500 42,000 67,500 $275,900 1. Given the above list of employees' projected 2018 annual salaries, calculate the employer's contribution of CPP, EI, Retirement Fund, and Health Insurance made by O'Riley Company. (Round the final answers to 2 decimal places.) Click here to view the CPP Tables for 2018. Click here to view the El Tables for 2018. Retirement CPP Health Fund Contribution Contribution Insurance Contributions Doherty 2,593.80 X $ 858.22 X $ 5,240.00 $ 124.00 X Fane 2,593.80 X 858.22 X 5,450.00 124.00 X Kahan 2,593.80 858.22 X 5,950.00 124.00 X Martin 2,079.00 697.20 X 4,200.00 124.00 X Leung 2,593.80 858.22 X 6,750.00 124.00 X Totals $ 12,454.20 $ 4,130.08 $ 27,590.00 $ 620.00 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 2. Payroll costs and fringe benefits are what percentage of salaries? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Percentage of salaries 6.01 X %

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

Audit Customer Satisfaction Marketing Added Value

Authors: Cindy E. Cosmas

1st Edition

089413373X, 978-0894133732

More Books

Students also viewed these Accounting questions

Question

4. Describe cultural differences that influence perception

Answered: 1 week ago