Question
In this case study you will be required to calculate the gross to net pay for three employees. You will also be required to calculate
In this case study you will be required to calculate the gross to net pay for three employees. You will also be required to calculate other employer costs based on the information provided. This case study will demonstrate that you know how to use what you have learned in this course. Majic Corporation sells phone cases to public and private companies. They are located at 123 Locus Rd, Toronto, ON M1H 4S3. They employ 200 full time employees who work in sales, customer service and office support roles. They have had an annual remuneration of over $1,000,000 for the past several years therefore their EHT rate is 1.95%. Pay period #1 started December 22, 2019. All are paid on a bi-weekly basis. The first pay day for these employees is Friday Jan 10, 2020. They have three staff in the Customer Service Department answering questions from clients and the general public. C) Roger started with Majic this year. His first day was January 6, 2020. He was hired on a temporary basis to cover an employee who was off on maternity leave. He earns $16.50 per hour. He is covered under the Employment Standards Act of Ontario. He works 7 hours per day 5 days per week and receives 4% vacation pay on each pay cheque. He does not receive any benefits. He has not taken any days off. He has the following deductions: Federal and Provincial taxes - he is claiming basic tax (Claim code 1) He has found a full time job and his last day to work will be June 26, 2020 Pay Period 3 Answer Mark Gross Pay Gross taxable income CPP contributions El premiums Federal and Provincial taxes Net pay Employer health tax Total Marks Pay Period 4 Gross Pay Gross taxable income CPP contributions El premiums Federal and Provincial taxes Net pay Employer health tax Total Marks /1 /1 /1 /1 /1 /1 /1 17 Answer Mark /1 /1 /1 /1 /1 /1 /1 17
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