Question
Jasmine had a six-month gross salary of $2,000. $500 is deducted for income tax, $91 for CPP and $37 for EI. Calculate (a) how much
Jasmine had a six-month gross salary of $2,000. $500 is deducted for income tax, $91 for CPP and $37 for EI.
Calculate
(a) how much the employer must contribute for the EI and
(b) how much the total liability for the EI will be.
What is the entry for recording employer payroll contributions?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
a To calculate the employers contribution for the EI we need to first calculate how much was deducte...
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Step: 2
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
