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how is income tax calculated? Exercise Al-4 Completing a payroll register using tables LO2 D&D Stockyards' four employees are paid monthly Each employee donates 5%
how is income tax calculated?
Exercise Al-4 Completing a payroll register using tables LO2 D&D Stockyards' four employees are paid monthly Each employee donates 5% of gross pay to United Way through payroll deductions. Crimson and Peterson purchase Canada Savings Bonds through monthly payroll deductions of $150 and $200, respectively Required: Use Payroll liabilities. Payroll Babilities, and Payroll liabilities complete the payroll register below for the monthly pay period ended February 29, 2018, assuming the following TD claim codes for each employee Crimson (2) Long (). Morris (1), and Peterson (3) (Do not round intermediate values, 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 Employee United Way Deductions Crimson, L Long, M Morris, P Peterson B Totals Deductions Pay Distribution Income Canada Gross Pay El Premium Total Saving CPP Taxes Office Net Pay Sales Bonds Salaries Salaries s 1.995 00 5 33 12 $ 150.00 $ 34327 $ 99.751 $ 1,995.00 2,040.00 33.86 0.00 86.54 102.00 2.040.00 2,000.00 3322 0.0018456 100.00 2.000.00 2.280 00 37 85 200.00 98.42 114.001 2.280 00 $ 8.315 00 5 138 05 3 0.00 S 350.00 S 353.84 S 41575$ 0.00 $ 000 5 1,995.00 $ 6,320.00 Step by Step Solution
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