Question
Josiah (he/him) is a supervisor at McDonalds, and he makes $38,000 gross annually. He is paid monthly. He also receives 4% vacation pay per
Josiah (he/him) is a supervisor at McDonalds, and he makes $38,000 gross annually. He is paid monthly. He also receives 4% vacation pay per paycheque. His essential monthly expenses are as follows: Item Rent Food Utilities Internet Transportation Child care Show your work for the following calculations: Vacation pay CCP and El deductions Taxable income Federal and provincial tax Annual net income Monthly net income Monthly expenses Disposable income Cost ($) $800 $200 $200 $80 $300 $600
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Step: 1
To calculate the various values well follow these steps 1 Vacation Pay Josiah receives 4 vacation pay per paycheque Since he is paid monthly we can ca...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Payroll Accounting 2019
Authors: Jeanette Landin, Paulette Schirmer
5th edition
125991707X, 978-1259917073
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