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I was wondering if you could explain me how to get the answer. Thanks. An accelerated threshold 1 remitter has a weekly payroll with total
I was wondering if you could explain me how to get the answer. Thanks.
An accelerated threshold 1 remitter has a weekly payroll with total statutory deductions (including employer contributions) each pay period of $15,170.00. Their pay dates in the current month were on Friday the 1st, 8th, 15th, 22nd and 29th. Calculate the amount of the remittance due on the 25 th of the current month. Correct answers: Attempt \#1: 0/1 (Score: 0/1) Incorrect Feedback The correct answer is $45,510.00. Accelerated threshold 1 remittances for payrolls dated from the 1st to the 15th of the month are due on the 25 th of the month and the remittance for payrolls dated from the 16 th to the end of the month are due on the 10th of the following month. The statutory deductions withheld from the cheques dated the 1st, 8 th and 15th of the current month, along with the employer's share of CPP and El, are due to the CRA by the 25th of the current month (presuming the 25th is not a Saturday, Sunday or a holiday)Step by Step Solution
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