Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how can i do this? Calculation of yeur weekly_gress.pay: Weekly Gross pay = Hourly rate times 40 Weekly Gross pay = 50 40=$2,000 Estimated Deductions

how can i do this?
image text in transcribed
Calculation of yeur weekly_gress.pay: Weekly Gross pay = Hourly rate times 40 Weekly Gross pay = 50 40=$2,000 Estimated Deductions from Weekly Gross pay: El deduction CPP deduction =1.63%WeeklyGrosspay=$=4.95%WeeklyGrosspay=$ Taxable earnings = Weekly Gross pay EICPP=$ Income Tax deduction =20.05% Taxable eamings =$ Total deductions: \$ add all deductions together (E)+CPP+ income Tax ) Calculation of your weekly_net pay: Weekly Gross Pay - Total Deductions = Weekly net pay =$ Monthly net pay = Weekly net pay 52/12=$ Annual net pay =12 Monthly net pay =$

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_2

Step: 3

blur-text-image_3

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

Advanced Financial Accounting

Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King

5th Edition

0072444126, 978-0072444124

More Books

Students also viewed these Accounting questions

Question

=+2. How can the revenue model of the music industry be described?

Answered: 1 week ago