Question
Marijke has been with Majic for 5 years and is the Customer Service Supervisor.She earns $2000.00 bi-weekly working 35 hours per week. Her employer provides
Marijke has been with Majic for 5 years and is the Customer Service Supervisor.She earns $2000.00 bi-weekly working 35 hours per week.
Her employer provides the following:
Health and Dental - fully paid for by the employer at a monthly cost of $469.00
Group Term life insurance - 2x her annual salary at a cost of $0.69 per month per $1000 of coverage paid for by the employer
AD&D - $50,000.00 at a cost of $0.19 per month per $1000 of coverage paid for by the employer
She has the following personal deductions from her pay:
$5.00 per pay donation to the United Way
Federal and Provincial income tax - she is claiming maximum tax (Claim Code 0) plus an additional $10.00 per pay
Pay Period 3
Answer
Mark
Gross Pay
Gross taxable income
CPP contributions
EI premiums
Federal and Provincial taxes
Group term life insurance
AD & D
United Way
Net pay
Employer health tax
Total Marks
Pay Period 4
Answer
Mark
Gross Pay
/1
Gross taxable income
/1
CPP contributions
/1
EI premiums
/1
Federal and Provincial taxes
/1
Group term life insurance
/1
AD & D
/1
United Way
/1
Net pay
/1
Employer health tax
/1
Total Marks
/10
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
