Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i need this urgently Holden Corp.'s three employees are paid monthly Each employee donates 5% of gross pay to United Way through payroll deductions. Jan
i need this urgently
Holden Corp.'s three employees are paid monthly Each employee donates 5% of gross pay to United Way through payroll deductions. Jan Taylor and Linda Champion purchase Canada Savings Bonds throug monthly payroll deductions of $100 and $200 respectively. Complete the following payroll register for May, assuming that El is calculated at the rate of 1.88%, CPP at 4.95% of annual earings greater than $3,500 and less than $50,100; and income taxes at 21% for Linda Champion, 15% for Jan Taylor, and 22% for Andrew Martin. Please make sure your final answer(s) are accurate to 2 decimal places Deductions Pay Distribution Canada Gross Income Savings United Total Net Office Sales Employee Pay Taxes Premium CPP Bonds Way Deductions Pay Salanes Salaries Linda Champion 2,700 2,700 Jan Taylor 2,750 2,750 Andrew Martin 2.325 2,325 Total 7.775 2,325 5.450Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started