Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lynne Duggan, age 16 is a summer student working part-time for a wrestling magazine in Manitoba. This is her first job, and has not paid

Lynne Duggan, age 16 is a summer student working part-time for a wrestling magazine in Manitoba. This is her first job, and has not paid any CPP or EI. Lynne works 14 hours per week at a rate of $14.50 per hour and is paid bi-weekly. On this pay period, Lynne worked her usual 14 regular hours per week, but was also paid 7.5 hours of overtime. Wrestling magazine pays two times the employees rate for all overtime.

1. Calculate and record the Gross Earnings

2. Calculate and record the Federal Claim Code

3. Calculate and record the Manitoba Claim Code

4. Calculate and record the Employees CPP deduction

5. Calculate and record the Employers CPP deduction

6. Calculate and record the Employees EI deduction

7. Calculate and record the Employers EI deduction

8. Calculate and record the Federal Tax deduction

9. Calculate and record the Provincial Tax deduction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

European Financial Reporting Adapting To A Changing World

Authors: J. Flower

2nd Edition

0333685180, 9780333685181

More Books

Students also viewed these Accounting questions

Question

What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago