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.
A) Marijke has been with Majic for 5 years and is the Customer Service Supervisor. She earns $2000.00 bi-weekly working 35 hours per week. Her employer provides the following:
Health and Dental fully paid for by the employer at a monthly cost of $469.00 Group Term life insurance 2x her annual salary at a cost of $0.69 per month per $1000 of coverage paid for by the employer AD&D - $50,000.00 at a cost of $0.19 per month per $1000 of coverage paid for by the employer
She has the following personal deductions from her pay: $5.00 per pay donation to the United Way Federal and Provincial income tax she is claiming maximum tax (Claim Code 0) plus an additional $10.00 per pay
Pay Period 3 Answer Mark Gross Pay /1 Gross taxable income /1 CPP contributions /1 EI premiums /1 Federal and Provincial taxes /1 Group term life insurance /1 AD & D /1 United Way /1 Net pay /1 Employer health tax /1 Total Marks /10
Pay Period 4 Answer Mark Gross Pay /1 Gross taxable income /1 CPP contributions /1 EI premiums /1 Federal and Provincial taxes /1 Group term life insurance /1 AD & D /1 United Way /1 Net pay /1 Employer health tax /1 Total Marks /10
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