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IV - Problems (Points 29) 1. Net Pay (Points 9) Sally Thomas works for Bedford water purification plant, in Ontario, as an accountant and is
IV - Problems (Points 29) 1. Net Pay (Points 9) Sally Thomas works for Bedford water purification plant, in Ontario, as an accountant and is paid an annual salary of $46,800.00, on bi-weekly basis. She has a claim code of 1 on her federal and provincial TD1s.The premium for Sallys life insurance is $88.00 per month. Sally is a member of the registered pension plan and contributes 8% of her base salary to the plan each pay period. She has also $15.00 per pay as donation. Calculate Net Pay Pay day Aug 18, 2023. 2. Total Insurable Hours/Insurable earnings (Points 10) a) Ford Abraham was hired on October 15, 2008 and was paid on a semi-monthly basis. When Abraham left his employment on April 15 of this current year, his employer determined his insurable hours for the past 25 semi-monthly pay period based on Abrahams work hours of 80 insurable hours per pay period. What would be the insurable hours to be reported in Block 15A? b) Helen Sam was hired on March 25, 2010 and was paid on weekly basis. When Helen left her employment on February 10 of the current year, it is determined by her employer to have insurable earnings for the past 27 pay periods based on Helens insurable earnings of $3,200.00 per pay period. What would be the insurable earnings to be reported in Block 15B? 3. Commission Payments (Points 10) a) Darren Terry is a commission agent and receives a commission 5% on gross sales. The gross sales of the Company for the month are $60,000.00. How much commission will be paid for Darren? b) Jasmine Ali is a salesperson who receives a semi-monthly commission calculated as 15% of Net sales. However, she receives a mid-pay period advance of $1,250. The semi-monthly net sales are $35,000. How much commission she would get during the pay period? c) Plolycon Industries set target levels for its commissioned employees. On the first $100,000 of gross sales, a commissioned employee receives 5% commission. On gross sales exceeding $100,000 up to $150,000, he receives 7.5% commission; for gross sales in excess of $150,000, he receives 10% commission. What would be the employees commission for the pay period, if during this month the gross sales are
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