Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi i need this answer with in 15 minutes this subject is payroll administration 2022 cpp rate is 5.70% employemt insurance rate is 1.58% i

hi i need this answer with in 15 minutes
this subject is payroll administration
2022 cpp rate is 5.70%
employemt insurance rate is 1.58%
i need to calculate
gross earnings
cpp contribution
employemwnt insurance premium
federal income tax
provincial income tax
carlo's net pay
image text in transcribed
Tech Y., a Manitoba employer, reviews the employees' salaries on an annual basis, with any changes being effective for the first pay of the year. The paperwork authorizing payroll to make the changes was received by the payroll manager in March, and the changes were input on the tenth pay of the year. Tech Y pays on a weekly basis. Carlos Mena's increase was calculated to be $28.00 per pay; his previous weekly salary was $850.00. Albert's TD1 federal and provincial are code 2. Carlos has a weekly group term life taxable benefit of $18.00. Carlos will receive his retroactive increase on the same pay as his regular salary. Use this information to answer questions 14-19. Use 2022 rates. Calculate Carlos' gross earnings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions