Question
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
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 27, 2020. All are paid on a bi-weekly basis. All benefits are processed each pay on an as enjoyed basis.
The first pay day for employees is Jan 13, 2021.
They have three staff in the Customer Service Department answering questions from clients and the general public. They all work Monday to Friday and do not work statutory holidays but are paid for them.
Neema has been with Majic for 3 years and answers calls specifically from clients.
She earns $18.25 per hour and works 35 hours per week. She also does not work any overtime. She is paid bi-weekly. Her employer provides the following:
Health and Dental - at a total cost of $469.00 per month, 50% is paid by the employer and 50% is paid for by Neema
Group Term life - $50,000.00 at a cost of $0.45 per month per $1000 of coverage paid for by the employer
She does not receive AD&D
She has the following deductions:
Federal and Provincial taxes - she is claiming basic tax (Claim code 1) plus an additional $5.00 per pay
Calculate the following for Neema:
Pay Period 6
Gross Pay
Gross taxable income
CPP contributions
EI premiums
Federal and Provincial taxes
Health and Dental Cost
Group term life insurance
Net pay
Employer health tax
Pay Period 7
Gross Pay
Gross taxable income
CPP contributions
EI premiums
Federal and Provincial taxes
Health and Dental Cost
Group term life insurance
Net pay
Employer health tax
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